Employers Mutual Looks to Acquire Outstanding Stock of EMC Group


Employers Mutual Casualty Co. has proposed to purchase all the outstanding common stock of its affiliate EMC Insurance Group Inc.

As the parent company, Employers Mutual Casualty currently owns approximately 55 percent of the outstanding shares of EMC Insurance Group’s common stock. The proposal provides that the shares will be purchased at a price of $30 per share in cash.
The EMC Insurance Group said it has established a special committee of four independent directors of the company to take into account the proposal. The Special Committee shall hold its own financial and legal advisors to assist it, taking into account the proposal.

Stock trading on the Nasdaq Stock Exchange under the company’s EMCI symbol. Companies and subsidiaries operate under the name EMC Insurance Companies.

Employers Mutual Casualty Co., based in Des Moines, Iowa, was founded in 1911. Founded in 1974, EMC Insurance Group was opened to public in 1982. The subsidiary and subsidiaries include Dakota Fire Insurance Co., EMC Reinsurance Inc. EMCASCO Insurance Co., EMC Underwriters, Illinois EMCASCO Insurance Company, EMC Property & Casualty Co., EMC Risk Services, Providence Union Company (EMI) and EMC National Life Inc.

Legal warning !
The information, comments and suggestions there are not covered by investment advice. It is based on the author's personal opinions. These views may not fit your financial situation and risk and return preferences. For this reason, based solely on this information, investment decisions may not have the appropriate consequences for your expectation. Our Site is not responsible for any direct or indirect damages incurred by the investors as a result of the use of the information on the Site, deficiencies in the sources, damages incurred by profit, moral damages, or damage to third parties.