π° Safety Insurance $SAFT soars +41% on $1.54B Mapfre all-cash buyout at $105/share
Spanish insurer Mapfre is acquiring Boston-based Safety Insurance Group in an all-cash deal at $105 per share β a 44% premium to Wednesday's close, valuing the company at $1.54 billion. Both boards unanimously approved the deal, announced after the close on July 24, with closing targeted for Q1 2027. Shares are already near $103-104 premarket, leaving only a thin merger-arb spread. Not financial advice. Do you think this deal sails through regulatory review?
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