NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

BRIEF-Markel to acquire State National for about $919 million

Published 2017-07-26, 08:29 a/m
© Reuters.  BRIEF-Markel to acquire State National for about $919 million
SNC
-

July 26 (Reuters) - State National Companies Inc SNC.O

* Markel to acquire State National

* State National Companies Inc - transaction has a total value of approximately $919 million

* State National Companies Inc - deal for $21.00 per share in cash

* State National Companies Inc says upon completion of transaction, state national will operate as a separate business unit

* State National Companies Inc - agreement, has been unanimously approved by both companies' board of directors

* State national companies inc says transaction is not subject to any financing condition

* State National Companies Inc says Markel plans to finance transaction using cash balances on hand

* State National Companies - management team, led by Terry Ledbetter, State National's current chairman, CEO will remain in place

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.