BRIEF-Mutual Capital Group Says To Acquire Icc Holdings, Inc. For $23.50 Per Share In $73.8 Mln Transaction-March 2024-www.financetom.com

BRIEF-Mutual Capital Group Says To Acquire Icc Holdings, Inc. For $23.50 Per Share In $73.8 Mln Transaction

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

BRIEF-Mutual Capital Group Says To Acquire Icc Holdings, Inc. For $23.50 Per Share In $73.8 Mln Transaction

Jun 8, 2024 4:50 PM

June 8 (Reuters) - ICC Holdings Inc ( ICCH ):

* MUTUAL CAPITAL GROUP TO ACQUIRE ICC HOLDINGS, INC. FOR

$23.50

PER SHARE IN $73.8 MILLION TRANSACTION

* ALL-CASH TRANSACTION PROVIDES SIGNIFICANT PREMIUM

* ICC HOLDINGS ( ICCH ) - ICC HOLDINGS ( ICCH ), INC AND ITS SUBSIDIARIES WILL

CONTINUE TO OPERATE AS INDEPENDENT ENTITY WITH INCREASED SUPPORT

FROM MUTUAL CAPITAL GROUP

* TRANSACTION IS EXPECTED TO CLOSE IN Q4 OF 2024,

Source text for Eikon:

Further company coverage:

Previous page： Rocket Lab USA Completes First Hot Fire Test of Archimedes Engine Next page： Dorel Industries Q2 Adjusted Loss Narrows as Revenue Edges Up

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Rocket Lab USA Completes First Hot Fire Test of Archimedes Engine

Aug 9, 2024

07:34 AM EDT, 08/09/2024 (MT Newswires) -- Rocket Lab USA ( RKLB ) said late Thursday it has completed the first hot-fire test of its new Archimedes rocket engine, a key step toward launching its medium-lift rocket, Neutron. The company said that after the completion of the hot fire test, it would begin full production of flight engines. Production of...

Dorel Industries Q2 Adjusted Loss Narrows as Revenue Edges Up

Aug 9, 2024

07:42 AM EDT, 08/09/2024 (MT Newswires) -- Dorel Industries (DII-B.TO, DII-A.TO) on Friday reported a narrower second quarter adjusted loss as revenue edged higher. The company, which makes bicycles, child safety products and home furnishings, said its adjusted net loss fell to US$13.6 million, or US$0.42 per share, from US$16.7 million, or US$0.51 per share. Revenue rose 0.8% to US$348...

Evergy's Q2 Adjusted Earnings, Operating Revenue Rise; Fiscal 2024 Non-GAAP EPS Outlook Maintained

Aug 9, 2024

07:37 AM EDT, 08/09/2024 (MT Newswires) -- Evergy ( EVRG ) reported Q2 adjusted earnings Friday of $0.90 per diluted share, up from $0.81 a year earlier. Analysts polled by Capital IQ expected $0.89. Operating revenue for the quarter ended June 30 was $1.45 billion, compared with $1.35 billion a year earlier. An analyst surveyed by Capital IQ expected $1.36...

New Fortress Energy Swings to Q2 Adjusted Loss, Revenue Falls

Aug 9, 2024

07:43 AM EDT, 08/09/2024 (MT Newswires) -- New Fortress Energy ( NFE ) reported a Q2 adjusted loss Friday of $0.41 per diluted share, swinging from adjusted earnings of $0.58 per diluted share a year earlier. Four analysts polled by Capital IQ expected earnings of $0.06 per share. Total revenue for the quarter ended June 30 was $428 million, down...