Mutual Group completes merger of Alfa
Alfa Mutual Insurance Company and Alfa Mutual Fire Insurance Company have acquired all of the outstanding common shares of Alfa Corporation for $22 per share in cash.
Alfa Corporation, which is engaged in insurance and financial activities through its subsidiaries, is now a wholly owned subsidiary of the Alfa Mutual Insurance Company and Alfa Mutual Fire Insurance Company (referred to collectively as the Mutual Group). Alfa Corporation has appointed its historical transfer agent, American Stock Transfer & Trust Company, to serve as the agent for payment of the merger consideration. Jerry Newby, president and CEO of Alfa Corporation, said: This transaction is the result of a tremendous amount of hard work by many dedicated people, especially our board members. More importantly, this represents the beginning of an exciting new chapter in the history of the Alfa companies.
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Allianz SE (Allianz) is one of the leading global financial services providers, offering a range of banking, asset management and insurance services. The company was formerly known as Allianz AG. Allianz is the parent company for the Allianz Group of companies. The company is one of leading insurance providers in the property and causality, and life insurance in the global market. Allianz is one of the major players in the German insurance market. The company, combined with its subsidiaries, serves over 75 million customers in more than 70 countries across Europe, Asia-Pacific, America and Africa. The company's banking operations are conducted through Dresdner Bank AG and its subsidiaries. Global Markets Direct’s Allianz SE - Financial and Strategic Analysis Review is an in-depth business, strategic and financial analysis of Allianz SE. The report provides a comprehensive insight into the company, including business structure and operations, executive biographies and key competitors. The hallmark of the report is the detailed strategic analysis of the company. This highlights its strengths and weaknesses and the opportunities and threats it faces going forward. Reports Buy online from $125
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