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Life & Health Insurance M&A image Life & Health Insurance M&A » By The Online Investor Staff, updated Sat., Aug. 13, 10:26 AM Recent mergers and acquisitions in the Life & Health Insurance M&A category.

Slide #21. Industrial Alliance Jovian Capital Corporation

Acquirer: Industrial Alliance (IAG.CA)
Acquiree: Jovian Capital Corporation (JOV.CA)
Details: Industrial Alliance Insurance and Financial Services Inc. ("Industrial Alliance") today announced an agreement to acquire through a plan of arrangement all of the outstanding common shares of Jovian Capital Corporation ("Jovian") at $10.23 per share for an aggregate consideration of $94 million. Jovian shareholders may elect to receive proceeds either all in cash or 0.2386 of a common share of Industrial Alliance for each common share of Jovian, or a combination thereof, subject to an overall cap of 35% of the aggregate consideration payable in Industrial Alliance common shares.

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



Open the IAG.CA Page at The Online Investor »

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



Open the JOV.CA Page at The Online Investor »

Company Name: 
IA Financial Corp Inc
Website: 
www.ia.ca
Sector: 
Life & Health Insurance
Number of ETFs Holding IAG.CA: 
3
Total Market Value Held by ETFs: 
$4.21M
Total Market Capitalization: 
$6.43B
% of Market Cap. Held by ETFs: 
0.07%
Company Name: 
Jovian Capital Corp
Website: 
www.joviancapital.com
Sector: 
Business Services & Equipment
 

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