The American subsidiary of the Belgian-Dutch Financial Services Group Fortis announced plans to acquire New York-based provider of employee absence management services CORE for $4.92 a share. Fortis will also assume CORE’s $13 million corporate debt, bringing the total value of the acquisition to an estimated $45 million.
The move was seen as complimenting Fortis position in the disability insurance and reinsurance markets in the U.S.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Lloyd’s of London Says Former CEO Neal Breached Compliance Rules 
Majority of Small Business Are Underinsured as Other Expenses Prioritized 
Chubb Q2 Net Income Down 3.8% on ‘Overly Soft’ Large Account, E&S Property 
Insurers Must Defend Hotels Accused of Sex Trafficking of Minors 
