Safety Insurance Group agrees to $1.54B cash acquisition at $105/share by Mapfre

Safety Insurance Group agreed to be acquired for $1.54 billion, with shareholders to receive $105 per share in cash.

Key Highlights:

• Definitive merger agreement: Mapfre affiliate to acquire Safety for ~$1.54B in an all-cash transaction.
• $105 per share cash consideration represents a 44% premium to Safety’s July 23, 2026 stock price.
• Transaction unanimously approved by both boards; expected to close in Q1 2027, subject to regulatory approvals.
• Post-close, Safety will operate as a wholly-owned subsidiary of Mapfre U.S.A., retaining its brand and local operations.
• Safety will file a proxy statement for stockholder approval and cautions that closing depends on customary conditions.

Original SEC Filing:

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.