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Article: Frontier Insurance Group, Inc. Announces a Definitive Agreement to Acquire In An All-Cash Transaction 100 Percent of Lyndon Property Insurance Company
- Article from:
- PR Newswire
- Article date:
- March 31, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ROCK HILL, N.Y., March 31 /PRNewswire/ -- Frontier Insurance Group, Inc. (NYSE: FTR) (Frontier) announced today that it has executed a definitive agreement to acquire in an all-cash transaction Lyndon Property Insurance Company (Lyndon) and its six subsidiaries from Mercury Finance Company for $92 million. The transaction is subject to regulatory approvals, and is expected to close in the second quarter 1997.
Lyndon's strategy is to provide niche products for financial institutions and other specialty markets. These products include Credit-Related Insurance, Residual Value, Extended Service Contracts, and Collateral Protection Coverages.
Peter ...
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Transcript: Frontier Insurance Group President, ...
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700+ words
... ... Insurance Company Frontier Insurance Group Incorporated; Ticker: FTR; URL ... the positions that I occupy now. Frontier Insurance Group. At this point, Frontier Insurance Group is a very diverse insurance conglomerate ...
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