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.
Remember the Fall of Patriot National? Trial in Suit vs. Mariano’s Lawyers to Begin 
20 Years After Hurricane Katrina: Are Insurers Ready for a Different $100B Disaster? 
Farmers to Pay $2.8M to Settle TPCA Class Action Lawsuit 
US P/C Industry Books Best Result in a Decade but Not All Lines Enjoy Success 
