Deal Snapshot
NI HOLDINGS TO ACQUIRE DIRECT AUTO INSURANCE
Wednesday 13 June 2018

North Dakota, US-based insurance holding company NI Holdings, Inc. (NASDAQ: NODK) has agreed to purchase 100% of the stock of Chicago, US-based automobile insurance underwriter Direct Auto Insurance Company from private shareholders, the company said.

Closing the transaction is expected later this year subject to customary closing conditions, including regulatory approval. NI Holdings said the acquisition of Direct Auto furthers the company's goal of diversifying its business and growing insurance operations.


TKUqg0 http://www.FyLitCl7Pf7kjQdDUOLQOuaxTXbj5iNG.com
Details
Date Published: 13/06/2018
Target: Direct Auto Insurance Company
Country: USA
Sector: Insurance
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor:
Buyer: NI Holdings
Buyer Advisor: Dorsey and Whitney
Comment:
Terms of the deal were not disclosed

Options