Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

ProAssurance Completes Acquisition Of Eastern Insurance

RELATED NEWS
Trade PRA now with 

ProAssurance Corp. (PRA: Quote) said Thursday that it has completed its acquisition of Eastern Insurance Holdings, Inc.

Eastern's shareholders approved the deal at a special meeting on December 27.

Under terms of the deal announced in September, Eastern becomes a wholly-owned subsidiary of ProAssurance through an all cash deal that valued Eastern at $24.50 per share or $205 million.

Eastern Insurance President Michael Boguski and the Eastern senior executive team have entered into long-term contracts in conjunction with the transaction. Eastern will continue to operate from its corporate office in Lancaster, Pennsylvania and will maintain all existing regional and satellite office locations.

Click here to receive FREE breaking news email alerts for ProAssurance Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks moved notably higher over the course of the trading day on Monday, extending the strong upward move seen last Friday. The gains on the day continued the recent recovery by the markets, with the Nasdaq and the S&P 500 closing higher for the third consecutive session. While Republicans have largely tried to frame the upcoming midterm elections as a referendum on President Barack Obama, Sen. Ted Cruz, R-Tex., has joined the few offering guidance on what the GOP will do if it manages to retake control of the Senate. The World Health Organization (WHO) Monday declared that Nigeria is officially free of Ebola virus transmission. For the last six weeks, no new cases of the deadly virus infection has been reported in the country. The lines on the tabular situation reports, sent to WHO each day by its country office in Nigeria, have now been full of zeros for 42 days. If two incubation periods of 21 days pass
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.