Farm Bureau Property & Casualty Insurance Company to Acquire FBL Financial Group for $56/Share
April 15, 2021
Farm Bureau Property & Casualty Insurance Company (FBPCIC) agreed to acquire all outstanding shares of FBL Financial Group, Inc. for $56.00 per share in cash. The Iowa Insurance Division cleared the transaction (no Form A required), and FBL scheduled a special shareholder meeting for April 29, 2021 to vote on the proposed buyout.
- Buyers
- Farm Bureau Property & Casualty Insurance Company
- Targets
- FBL Financial Group, Inc.
- Sellers
- Public shareholders of FBL Financial Group
- Industry
- Insurance
- Location
- Iowa, United States
- Transaction Type
- Buyout
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