Allstate says agreed to acquire of national general

Allstate expands personal lines market position with acquisition of national general.allstate corp - agreed to acquire national general holdings corporation for approximately $4 billion in cash.agreed to acquire national general holdings corporation for $34.50 per share.will fund share purchase by deploying $2.2 billion in combined cash resources, subject to market, issuing $1.5 billion of new senior debt.expects to maintain its current share repurchase program..national general's board of directors has approved transaction.national general's board of directors approval includes a breakup fee of $132.5 million.msd capital, which owns approximately 7.4% of national general's outstanding common shares, also supports transaction.transaction will be accretive to adjusted net income earnings per share and return on equity beginning in first year.
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