Reported Earlier, Mutual Capital Group To Acquire ICC Holdings For $73.8M In All-Cash Deal Offering 48% Premium
Portfolio Pulse from Benzinga Newsdesk
Mutual Capital Group is set to acquire ICC Holdings, Inc. for $73.8 million in an all-cash deal, offering a 48% premium to ICCH's recent stock price. The acquisition has been approved by both companies' boards and will allow ICC Holdings to continue operating independently with increased support.
June 10, 2024 | 7:10 am
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Mutual Capital Group's acquisition of ICC Holdings for $73.8 million in an all-cash deal offers a 48% premium to ICCH's recent stock price. The deal has been approved by both boards and will allow ICC Holdings to continue operating independently with increased support.
The acquisition provides a significant premium to ICCH's stock price, which is likely to result in a positive short-term impact on the stock price. The deal's approval by both boards and the continued independent operation of ICC Holdings with increased support further solidify the positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100