- Fortegra (NYSE:FRF-OLD) owners will receive $10 in cash for share of Fortegra common they own, a 42% premium to last night's close of $7.02.
- The boards of both companies have approved the deal and owners representing about 62% of the shares of Fortegra have executed a written consent adopting and approving the merger agreement.
- The deal is expected to close late this year or early next.
- Tiptree (TIPT) +11.2% premarket
- Source: Press Release
Tiptree Financial buying Fortegra Financial in $218M all-cash deal
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Symbol | Last Price | % Chg |
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FRF-OLD | - | - |
Fortegra Financial Corporation |