Liberty Mutual has asked regulators to scrutinize the sale of Harleysville (HGIC) to a rival...

|About: Harleysville Group Inc. (HGIC)|By:, SA News Editor

Liberty Mutual has asked regulators to scrutinize the sale of Harleysville (HGIC) to a rival after its own bid for the company was rejected. The offer included a payout of $250M to its customers; HGIC instead agreed to a sale to Nationwide with no customer payout. Noteworthy: CEO Michael Browne's stock and options would be worth ~$27.9M in a sale to Nationwide vs. ~$13.9M in a Liberty deal.