Why Insurance Company ICC Holdings Shares Are Jumping Today
Why Insurance Company ICC Holdings Shares Are Jumping Today
ICC Holdings, Inc. (NASDAQ:ICCH) shares are jumping today after the company inked a definitive deal to be acquired by Mutual Capital Group, Inc. for a total equity value of around $73.8 million.
保險業ICC Holdings, Inc.（納斯達克：ICCH）股票今天大漲，公司與Mutual Capital Group，Inc.簽署明確協議，將以約7,380萬美元的總股本價值收購該公司。
As per the terms, MCG will acquire all outstanding ICCH shares for $23.50 in cash, representing a multiple of 1.07 times ICCH's book value as of March-end.
根據協議條款，MCG將現金以23.50美元的價格收購ICCH的全部流通股，這相當於1.07倍ICCH的三月底賬面價值。
The price represents a 48% premium to ICCH's volume-weighted average stock price over the last 30 days and a 42% premium to ICCH's 52-week high closing price.
該價格相當於ICCH過去30天成交量加權平均股價的溢價率達48％，相對於ICCH52周收盤價最高價的溢價率達42%。
The transaction is anticipated to conclude in the fourth quarter of 2024, pending customary closing conditions.
交易預計將於2024年第四季度完成，取決於通常的交割條件。
Following the closing, ICCH will maintain its operations as an independent subsidiary of MCG. Additionally, directors and executive officers of ICCH, collectively holding 25% of ICCH common stock, have expressed their intention to vote in favor of the transaction.
交易完成後，ICCH將作爲MCG的獨立子公司繼續運營。此外，ICCH的董事和高管共持有ICCH普通股25％，他們已表達了支持交易的意向。
Also, Tuscarora Wayne Insurance Company, a subsidiary of MCH and holder of 6.4% of ICCH common stock, plans to vote its shares in favor of the transaction.
此外，MCG的子公司Tuscarora Wayne Insurance Company持有ICCH普通股的6.4％，計劃支持該交易。
Price Action: ICCH shares are up 37.7% at $22.03 at the last check Monday.
股價表現：截至週一最後一次查詢，ICCH股價上漲37.7％，報22.03美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明：本文部分內容使用了Benzinga Neuro的幫助。此內容是通過AI工具部分製作的，並由Benzinga編輯進行了審查和發佈。
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譯文內容由第三人軟體翻譯。