Meridian Insurance Group will be purchased by State Auto Financial Corp. of Columbus, Ohio. The company will pay $30 a share, or more than $228 million, to buy the large Indiana insurer.
The deal brings to an end the bitter takeover battle by Gregory Shepard. State Auto plans to maintain Meridian’s offices, which house 500 employees.
Topics Auto
Was this article valuable?
Here are more articles you may enjoy.
Is the AI Boom a Bubble Waiting to Pop? Here’s What History Says 
AIG’s Zaffino to Step Down as CEO as Aon’s Andersen Steps In 
Freight Broker Says $400K in Lobster Meat Stolen in Fictitious Pickup 
Longtime Motel 6 Spokesman Tom Bodett Settles Lawsuit Against Chain From This Issue
