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Allstate To Acquire SafeAuto For $270M


Benzinga | Jun 1, 2021 04:23PM EDT

Allstate To Acquire SafeAuto For $270M

The Allstate Corporation (NYSE:ALL) has agreed to acquire SafeAuto, a non-standard auto insurance carrier focused on providing state-minimum private-passenger auto insurance with coverage options in 28 states. Total consideration includes a $270 million cash purchase price plus approximately $30 million in pre-close dividends of certain non-insurance assets.







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