Mutual capital group announces closing of all-cash merger with icc holdings, inc.

Wyalusing, pa.--(business wire)--mutual capital group, inc. (“mcg”), parent company of mutual capital holdings, inc. (“mch”), today announced the successful closing of its previously announced acquisition of icc holdings, inc. (“icch”), the parent company of illinois casualty company. the public trading of icch common stock ceased as of yesterday. at the closing, mch acquired icch in an all-cash merger valued at approximately $73.8 million. as part of the transaction, each share of icch common.
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