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.
Four Georgia Troopers Fired in Vehicle Pursuit-Insurance Scheme 
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
AI for the Defense: Should Insurers or Law Firms Pay? 
Amish Mother and 6 Children Killed in Explosion and Fire at Pennsylvania Home From This Issue
