Under the terms of the merger agreement, the two shareholders, Donegal Mutual Insurance company and Donegal Group Inc., received payment in the form of 50% cash and 50% stock, or a total of USD42.5 m and 2,462,373 shares of NWBI common stock.
Donegal Mutual Insurance Company and the insurance subsidiaries of Donegal Group Inc.
Donegal Mutual Insurance Company
announced that it, along with several of its affiliated insurance companies, is exiting the personal lines business in the states of Alabama, Maine, Nebraska, New Hampshire, North Carolina, South Carolina and South Dakota.
and Donegal Mutual Insurance company
, immediately prior to the closing of the merger.
MARIETTA, Pa: Donegal Mutual Insurance Company
President and Chief Executive Officer Donald H.
(NASDAQ: DGICA) (NASDAQ: DGICB) and Donegal Mutual Insurance Company
have closed the sale of Donegal Financial Services Corp.
The board named Kevin Burke, acting CEO of Donegal Mutual Insurance Company
since October 2017, to succeed Nikolaus.
Keefe, Bruyette, and Woods, Inc., a Stifel company, served as financial adviser to Donegal Mutual Insurance Company
, who is the majority shareholder of DFSC and Duane Morris LLP served as legal counsel to Donegal Group Inc.
He has also served as executive vice president and chief operating officer of Donegal Mutual Insurance Company
since 2014, a position he also held in DGI from 2014 to July 2015.
7 October 2013 - Gregory Mark Shepard, a shareholder of US property and casualty insurer Donegal Group Inc (NASDAQ:DGICA), or DGI, said today that he would offer between USD33.00 (EUR24.32) per share and USD37.00 per share for the 957,136 Class B shares not already owned by him or Donegal Mutual Insurance Company
in Donegal Group.
Shepard also demands that candidates appointed by him should replace three existing members of DGIa[euro](tm)s board and the board of Donegal Mutual Insurance Company
, he has said.Country: USASector: InsuranceTarget: Donegal Group Inc (DGI)Buyer: Gregory ShepardDeal size in USD: 28.9mType: StakebuildingStatus: Bidding
Shepard also demands that candidates appointed by him should replace three existing members of DGI's board and the board of Donegal Mutual Insurance Company
, he has said.