Penn Millers Holdings completes sale to ACE Ltd. Penn Millers Holdings (PMIC) announced the completion of its previously announced merger with a subsidiary of ACE Limited (ACE). Under the terms of the merger agreement, Penn Millers shareholders will receive $20.50 per share in cash, without interest. In connection with the completion of the transaction, trading in the common stock of Penn Millers will be suspended and the common stock will be delisted by the NASDAQ Global Market.
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