Safety Insurance agrees to $1.54B Mapfre buyout deal; shares soar 35% in after-hours
Seeking Alpha ·
Safety Insurance Group ( SAFT ) announced on Thursday that it has agreed to be acquired by an affiliate of Mapfre in an all-cash deal valued at ~$1.54B. The shareholders will receive $105 per share in cash, representing a 44% premium to the stock's closing
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