Aflac incorporated (nyse:afl) completed the acquisition of argus dental & vision, inc.

Aflac incorporated (nyse:afl) signed a definitive agreement to acquire argus dental & vision, inc. for $21 million on july 12, 2019. the transaction represents a commitment of $75 million in capital at closing and an additional $21 million in consideration paid over three years based on achieving certain performance targets. funding of the transaction is expected to come from available liquidity held at aflac incorporated. as part of the transaction, argus, under the continued leadership of its president and chief executive officer nicholas m. kavouklis, will remain headquartered in tampa, florida. the transaction is subject to the regulatory approvals and customary closing conditions. as on august 30, 2019, federal trade commission gave approval for the transaction. the transaction is expected to close in the fourth quarter of 2019. the transaction will not alter aflac incorporated's earnings or capital management outlook for 2019. sandler o'neill + partners, l.p. served as financial advisor and sidley austin llp as legal advisor to aflac incorporated. raymond james & associates, inc. served as financial advisor and hill ward henderson served as legal advisor to argus. aflac incorporated (nyse:afl) completed the acquisition of argus dental & vision, inc. on november 7, 2019.
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