iA Financial Corporation Inc. ("iA" or the "Company"), the holding company of iA Financial Group (TSX: IAG), announces it has entered into a definitive merger agreement whereby iA American Holdings, Inc., a subsidiary of the Company, will acquire Vericity, Inc. ("Vericity") (Nasdaq: VERY).
CHICAGO, October 03, 2023--iA Financial Group to Acquire Vericity in $170 million Transaction. Vericity Stockholders to Receive $11.43 per Share in Cash.
Key Insights The considerable ownership by private equity firms in Vericity indicates that they collectively have a...