Progressive completes acquisition of protective insurance

Mayfield village, ohio, june 01, 2021 (globe newswire) -- the progressive corporation (nyse: pgr) today announced that it has successfully completed the acquisition of protective insurance corporation (nasdaq: ptvca and ptvcb). under the terms of the merger agreement, holders of class a and class b common shares of protective will receive $23.30 per share in cash, without interest, for a total transaction value of approximately $338 million. the acquisition was previously announced on february 16, 2021.
PGR Ratings Summary
PGR Quant Ranking