Brief: Kingsway To Expand Portfolio Of Warranty Holdings

Kingsway

13/10/2020 13:22

Oct 13 (Reuters) - Kingsway Financial Services Inc  KFS.N :
    * KINGSWAY TO EXPAND PORTFOLIO OF WARRANTY HOLDINGS
    * KINGSWAY FINANCIAL SERVICES-SIGNING OF DEFINITIVE
AGREEMENT TO
ACQUIRE PWI HOLDINGS,INC FROM ADESA DEALER SERVICES, SUBSIDIARY
OF KAR AUCTION SERVICES
    * KINGSWAY FINANCIAL SERVICES INC - PURCHASE PRICE FOR
ACQUISITION
IS $24.5 MILLION
    * KINGSWAY FINANCIAL SERVICES INC - DEAL EXPECTED TO CLOSE
PRIOR
TO YEAR-END, PENDING RECEIPT OF REQUISITE REGULATORY APPROVALS
    * KINGSWAY FINANCIAL SERVICES INC - KINGSWAY EXPECTS TO FUND
PURCHASE PRICE VIA A MIX OF CASH ON HAND AND THIRD-PARTY
FINANCING

Source text for Eikon:  ID:nCNWTTxMka 
Further company coverage:  KFS.N 

 ((Reuters.Briefs@thomsonreuters.com;))