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.
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