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Liberty Mutual to Acquire Ironshore

Dec 06, 2016

On December 5, 2016, Liberty Mutual announced that it has entered into a definitive agreement to acquire 100% of Ironshore Inc. stock from Fosun International Ltd. for approximately $3 billion. Pending regulatory approvals, the transaction is anticipated to close sometime in the 2nd quarter 2017. Once the acquisition is completed, the plan is to have Ironshore continue to operate with its current brand under the Liberty umbrella and have the Ironshore management team continue to run the unit. It is anticipated that it will be business as usual once the transaction is closed.

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