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Article: Mercury finishes insurance unit sale.(Mercury Finance sale of Lyndon Insurance Group to Frontier Insurance Group)(Brief Article)
- Article from:
- American Banker
- Article date:
- June 5, 1997
- Author:
CopyrightCOPYRIGHT 1997 SourceMedia, Inc. 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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Mercury Finance Co. said Wednesday that it closed the sale of its Lyndon Insurance Group subsidiary to Frontier Insurance Group for $92 million in cash.
Mercury, the troubled subprime auto lender, will record a net loss of $25 million on the transaction, as previously reported. The company acquired Lyndon for $72.5 million in 1995 and merged its other insurance operations with it.
Meanwhile, Mercury's $50 million loan from Bank of America comes due June 20, raising concerns ...
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Article: Frontier Insurance Group, Inc. Announces ...
Business Wire;
March 13, 2001 ;
700+ words
... ... WIRE)--March 13, 2001 Frontier Insurance Group, Inc. (Frontier) (OTCBB ... primary operating subsidiary, Frontier Insurance Company, will voluntarily ... renewal insurance business. Frontier Insurance Company will be working ...
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