Protective: Progressive Completes Acquisition of Commercial Insurer Protective Insurance

The Progressive Corporation (NYSE:PGR) announced that it has successfully completed the acquisition of Protective Insurance Corporation (NASDAQ: PTVCA and PTVCB). Under the terms of the merger agreement, holders of Class A and Class B common shares of Protective will receive $23.30 per share in cash, without interest, for a total transaction value of approximately $338 [...]The post Progressive Completes Acquisition of Commercial Insurer Protective Insurance appeared first on CollisionWeek.