FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “State Auto Financial Corp Acquired by Liberty Mutual in $2.29 Billion Agreement”
State Auto Financial Corp. (NASDAQ: STFC) surged over 188% in premarket trading after it was announced that Liberty Mutual would acquire State Auto Group, a super-regional insurance holding company headquartered in Columbus, Ohio pursuant to the newly signed definitive agreement
Under the terms of the agreement, State Auto mutual members will become mutual members of Liberty Mutual and Liberty Mutual will acquire all of the publicly held shares of common stock of State Auto Financial for 52 dollars per share in cash.
State Auto Financial, headquartered in Columbus, Ohio, is a super-regional property and casualty insurance holding company.
For more information, please visit: State Auto Financial Corp.
About The Buzz: A Financial Buzz Show on daily news, covering the most up to date financial information. The Buzz intends to provide factual and relevant information for its audience. The Buzz is 100% original content, created by Financial Buzz Media. Located on Wall Street in the heart of New York City’s financial district, FinancialBuzz.com is a credible source for the world’s latest trending financial and economic news. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content.