The Federal Trade Commission issued an early termination notice in its review of the Kemper Corporation (NYSE:KMPR) acquisition of Infinity Property and Casualty Corporation (NASDAQ: IPCC)
In February the two insurers announced that they have entered into a merger agreement under which Kemper will acquire Infinity in a cash and stock transaction valued at approximately $1.4 billion, or $129.00 per share. The transaction creates a company with increased scale in nonstandard auto insurance and enhanced ability to serve policyholders.
Infinity is a provider of auto insurance focused on serving the specialty, nonstandard segment. With approximately 2,300 employees, 10,600 independent agents
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