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Stock Market & Financial Investment News

News Breaks
June 27, 2014
08:02 EDTNGHCNational General announces acquisition of Imperial
National General announced that it has agreed to acquire certain assets of Imperial Management, including its underwriting subsidiaries Imperial Fire & Casualty Insurance Company and National Automotive Insurance, its retail agency subsidiary ABC Insurance Agencies, and its managing general agency subsidiary RAC Insurance Partners. The total purchase price for the transaction will approximate GAAP book value of the combined operations, inclusive of $20M cash consideration for the operating companies, a distribution to the seller of certain Imperial invested assets, and a recapitalization of the insurance subsidiaries after closing. The transaction has closed effective immediately.
News For NGHC From The Last 14 Days
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October 13, 2014
13:46 EDTNGHCNational General management to meet with JMP Securities
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