Quotesmith.com Inc., the Darien, Ill.-based online brokerage that has yet to record a profit, announced that it has completed the previously announced asset acquisition of Life Quotes Inc. utilizing cash on hand and external financing.
As part of the Life Quotes asset acquisition and as previously announced, Quotesmith.com intends to sell about 2.4 million shares of common stock at a price of $5.50 per share to Zions Bancorp., raising $13 million in additional capital.
Was this article valuable?
Here are more articles you may enjoy.
One Weather Firm Warns New England Could See Big Hurricane This Season 
Florida Regulators Mulling New Rules on Market Conduct Exams, Reporting 
Q2 Net Income at Travelers Soars 46% on Less Catastrophes, Favorable Reserves 
Robotaxi Riders Are Falling Asleep, Sparking Frantic 911 Calls 
