Infinity Property And Casualty (IPCC) announced after the close Tuesday that it has agreed to be acquired by Kemper Corp. (KMPR) for $129.00 per share, approximately $1.4 billion, in a cash and stock deal.
Infinity Property And Casualty has gapped open sharply higher Wednesday morning and is now up 19.20 at $115.25 on strong volume. The stock has leaped to a new high for the year.
by RTT Staff Writer
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