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BRIEF-Heritage to acquire Narragansett Bay Insurance for $250 mln
2017年8月9日 / 凌晨1点03分 / 1 个月前

BRIEF-Heritage to acquire Narragansett Bay Insurance for $250 mln

Aug 9 (Reuters) - Heritage Insurance Holdings Inc-

* Heritage to acquire Narragansett Bay Insurance for $250 million to create leading super regional personal lines carrier

* Says purchase price for acquisition will be $250 million

* Says acquisition will be financed with $210 million in cash and $40 million of company’s common stock

* Says transaction is expected to be immediately accretive to earnings per share and ROE. Source text for Eikon: Further company coverage:

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