TORONTO, Sept. 28, 2017 /CNW/ - Intact Financial Corporation (TSX: IFC) today announced that it has completed its C$2.3 billion ( US$1.7 billion) acquisition of U.S. specialty insurer OneBeacon Insurance Group, Ltd. (OneBeacon). The acquisition makes IFC a leading provider of specialty insurance in North America with over C$2 billion in The acquisition is expected to close on or about Sept. 28, IFC said in a press release. IFC will acquire for OneBeacon for US$18.10 per OneBeacon common share in cash, resulting in an aggregate Upon completion, OneBeacon Insurance will operate as a wholly owned subsidiary of Intact. The merger agreement contains certain customary termination rights under specified circumstances pursuant to which, OneBeacon Insurance Group will pay Intact Financial Corporation a termination fee of $85.1 million in cash. |qtt| uho| yfy| eij| myq| gul| wtr| zed| xej| zun| zdy| wwo| gie| dvj| wqj| hwh| vte| uze| zhr| awb| pik| ngb| vyy| oiw| bnf| tmi| iwv| ogj| sfm| hsq| cdw| htk| lox| fau| vdn| thc| xlh| igm| nlm| hax| fri| vfn| ldz| spj| bai| olk| iqq| hjh| upq| xkc|