BRIEF-Definity Financial Corporation Announces Agreement To Acquire Canadian Operations Of Travelers For $3.3 Billion And Concurrent $351 Million Private Placements Of Common Shares-February 2024-www.financetom.com

BRIEF-Definity Financial Corporation Announces Agreement To Acquire Canadian Operations Of Travelers For $3.3 Billion And Concurrent $351 Million Private Placements Of Common Shares

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BRIEF-Definity Financial Corporation Announces Agreement To Acquire Canadian Operations Of Travelers For $3.3 Billion And Concurrent $351 Million Private Placements Of Common Shares

May 27, 2025 1:38 PM

May 27 (Reuters) - Definity Financial Corp ( DFYFF ):

* DEFINITY FINANCIAL CORPORATION ANNOUNCES AGREEMENT TO

ACQUIRE

CANADIAN OPERATIONS OF TRAVELERS FOR $3.3 BILLION AND CONCURRENT

$351 MILLION PRIVATE PLACEMENTS OF COMMON SHARES

* DEFINITY FINANCIAL CORP ( DFYFF ): PROPOSED DEAL IMMEDIATELY

ACCRETIVE TO

OPERATING EPS

* DEFINITY FINANCIAL CORP ( DFYFF ): EXPECT ABOUT $100 MILLION

(PRE-TAX) OF

RUN-RATE EXPENSE SYNERGIES FROM DEAL

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