DriverShield Corp. of Ronkonkoma, N.Y. and eAutoclaims.com Inc. announced the termination of merger discussions in which eAutoclaims would have become a wholly owned subsidiary of DriverShield.
Barry Siegel, Chief Executive Officer of DriverShield and Eric Seidel, Chief Executive Officer of eAutoclaims stated, “After conducting due diligence for the past several weeks, we have decided that it would be best for each company to pursue its own separate strategy.”
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Need Wind Mitigation? New Florida Insurer Wants to Help With That 
A Super Yacht Armada Came to Miami, Leaving a Marine Graveyard in Its Wake 
NAIC Victim of Cyber Incident Via PeopleSoft System 
‘We’ll Want Some Proof’: State Farm CEO’s Take on NY Auto Insurance Reforms 
