PGR · Categories · M&A
PGR - Mergers and acquisitions
Progressive Corporation (PGR) mergers and acquisitions - real-time wire coverage filtered to M&A only.
Recent M&A for PGR
- AM Best Removes From Under Review With Positive Implications and Upgrades Issuer Credit Ratings of Protective Insurance Corporation and Its SubsidiariesAM Best has removed from under review with positive implications and upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to "a+" (Excellent) from "a" (Excellent) and affirmed the Financial Strength Rating of A (Excellent) of Protective Insurance Company and its wholly owned subsidiaries, Sagamore Insurance Company and Protective Specialty Insurance Company, collectively referred to as Protective Insurance Corporation Group (Protective). AM Best also has removed from under review with positive implications and upgraded the Long-Term ICR to "bbb+" (Good) from "bbb" (Good) of Protective Insurance Corporation, the group's immediate holding company. The outlook assigned to these Credit
- Protective Insurance Acquired by ProgressiveMAYFIELD VILLAGE, Ohio, June 01, 2021 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today announced that it has successfully completed the acquisition of Protective Insurance Corporation (NASDAQ:PTVCA). Under the terms of the merger agreement, holders of Class A and Class B common shares of Protective will receive $23.30 per share in cash, without interest, for a total transaction value of approximately $338 million. The acquisition was previously announced on February 16, 2021. "We're pleased the transaction has closed and especially want to acknowledge the talented Protective employees who have built a strong foundation and created momentum in their markets to set us all up
- Progressive Completes Acquisition of Protective InsuranceMAYFIELD VILLAGE, OHIO, June 01, 2021 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today announced that it has successfully completed the acquisition of Protective Insurance Corporation (NASDAQ:PTVCA). Under the terms of the merger agreement, holders of Class A and Class B common shares of Protective will receive $23.30 per share in cash, without interest, for a total transaction value of approximately $338 million. The acquisition was previously announced on February 16, 2021. "We're pleased the transaction has closed and especially want to acknowledge the talented Protective employees who have built a strong foundation and created momentum in their markets to set us all up