Life & Health Insurance M&A » By The Online Investor Staff, updated Fri., Jun. 9, 6:57 AM
Recent mergers and acquisitions in the Life & Health Insurance M&A category.
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Slide #14. Industrial Alliance — Jovian Capital Corporation
Acquirer:
Industrial Alliance (TSE:IAG.CA)
Acquiree:
Jovian Capital Corporation
Details:
Industrial Alliance Insurance and Financial Services Inc. ("Industrial Alliance") and Jovian Capital Corporation ("Jovian") today announced the completion of the acquisition through a plan of arrangement of all the outstanding common shares ("Jovian Shares") of Jovian at $10.23 per share, for the aggregate consideration of approximately $79 million in cash and the issuance of 295,253 common shares of Industrial Alliance.
IA Financial is a holding company. Co. has five segments: Individual Insurance, which includes disability and mortgage insurance products; Individual Wealth Management, which includes individual products and services for savings plans; Group Insurance, which includes life, health, accidental death and dismemberment, dental care and short and long-term disability insurance products for employee plans; Group Savings and Retirement, which includes group products and services for savings plans; and United States Operations, which includes miscellaneous insurance products sold in United States.
Preferreds: IAG.PRA.CA, IAG.PRC.CA, IAG.PRE.CA, IAG.PRF.CA, IAG.PRG.CA
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