Nationwide Mutual Insurance Co. has agreed to pay $1.6 billion, or $60 per share, for smaller rival Harleysville Group Inc. to expand its property- and casualty-insurance business on the East Coast, the companies announced today.
Philly.com Business, Philadelphia Inquirer & Daily News: Business
Thu, 09/29/2011 - 7:53am
Nationwide Mutual Insurance Co. has agreed to pay $1.6 billion, or $60 per share, for smaller rival Harleysville Group Inc. to expand its property- and casualty-insurance business on the East Coast, the companies announced today.