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Article: AmerUs Group Completes Acquisition of Indianapolis Life.
- Article from:
- Business Wire
- Article date:
- May 21, 2001
CopyrightCOPYRIGHT 2001 Business Wire. 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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Business Editors
DES MOINES, Iowa--(BUSINESS WIRE)--May 21, 2001
AmerUs Group (NYSE:AMH) today announced that it has completed its acquisition of Indianapolis Life Insurance Co. The acquisition followed the demutualization of Indianapolis Life, which converted from a mutual life insurance company to a stock life insurance company. Indianapolis Life's eligible members will receive shares of AmerUs Group common stock, cash and policy credits with an aggregate value equal to the value of 9.3 million shares of AmerUs Group common stock.
The acquisition of Indianapolis Life, which has $5.8 billion in consolidated assets as of March 31, 2001, ...