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.
Lockton Named in NBA Investigation Into Clippers Salary Cap Circumvention 
Global Insured Catastrophe Losses Expected to Average $171 Billion Annually: Verisk 
AIG Executive Chair and Former CEO Zaffino Set to Exit for Palantir 
PG&E to Defer $2 Billion of Work After California Shelved Fire Bill 
