Thursday, September 29, 2011

Harleysville = Done Deal

At first I thought it must have been a typo when I saw the following headline: “Nationwide will pay $60 a share in cash for Harleysville (Ticker: HGIC)”. I was looking for $35 and at most $40, but $60… You rarely see this kind of premium after news has leaked of a potential merger. This is what you call a home run; no make that a grand slam! Wow…


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