Deal Overview
| Buyer | Argonaut Group, Inc. |
| Actual Acquirer | Argonaut Group, Inc. |
| Target | Four U.S. subsidiaries |
| Deal Type | Insurance Company |
| Insurance Sector | Property & Casualty |
| Agreement Date | 04/18/2001 |
| Announcement Date | 04/18/2001 |
| Announced Deal Value ($M) | 40.00 |
| Announced Deal Value as Reported ($M) | NA |
| Status | Terminated |
| Announced Deal Value Per Share ($) | NA |
| Completion Date | 08/28/2001 |
Deal Terms
|
Argonaut Group Inc. agreed to pay $40.0 million in cash. The deal was later terminated when the parties were unable to satisfy certain conditions to closing within the time frame agreed upon in the original terms of the deal. |
|
| Percent Acquired (%) | 100.00 |
| Accounting Method | Purchase |
| Merger of Equals | No |
| Estimated Cost Savings (%) | NA |
| Estimated Cost Savings ($000) | NA |
| Est. Restructuring Charges ($000) | NA |
Deal Advisors
| Financial Advisors | |
| Party Advised | Firm Name |
|---|---|
| Buyer | Cochran Caronia Waller LLC |
| Seller | Philo Smith & Co. |
| Legal Counsel | |
| Party Advised | Firm Name |
|---|---|
| Buyer | Mayer Brown LLP |
| Seller | NA |
