Brief: IHC Announces Agreement To Sell Madison National Life To Horace Mann Educators
14/07/2021 14:31
July 14 (Reuters) - Horace Mann Educators Corp HMN.N :
* PRESS RELEASE - IHC ANNOUNCES AGREEMENT TO SELL MADISON
NATIONAL
LIFE TO HORACE MANN EDUCATORS CORPORATION
* INDEPENDENCE HOLDING CO - DEAL FOR AN AGGREGATE PURCHASE
PRICE
OF $172.5 MILLION IN CASH
* INDEPENDENCE HOLDING - IF MADISON NATIONAL REACHES
SPECIFIED
FINANCIAL TARGETS IN 2023, IHC WILL RECEIVE ADDITIONAL PURCHASE
PRICE OF UP TO $12.5 MILLION
Source text for Eikon: ID:nGNX4kkJMg
Further company coverage: HMN.N
((Reuters.Briefs@thomsonreuters.com;))
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