MergerJul 24, 2026, 08:06 AM
Safety Insurance Group to be Acquired by MAPFRE for $105.00/Share
AI Summary
Safety Insurance Group, Inc. announced it has entered into a definitive Agreement and Plan of Merger with MAPFRE U.S.A. Corp. Under the terms of the agreement, MAPFRE's subsidiary, Splash Merger Sub, Inc., will merge with Safety Insurance Group, with Safety Insurance Group surviving as a wholly-owned direct subsidiary of MAPFRE. Safety Insurance Group shareholders will receive $105.00 in cash for each share of common stock. The company's Board of Directors unanimously approved the merger, deeming it fair and in the best interests of the company and its stockholders.
Key Highlights
- Safety Insurance Group, Inc. entered into a Merger Agreement with MAPFRE U.S.A. Corp. on July 23, 2026.
- MAPFRE's subsidiary, Splash Merger Sub, Inc., will merge with Safety Insurance Group.
- Safety Insurance Group shareholders will receive $105.00 in cash per share.
- The Company's Board of Directors unanimously approved the Merger Agreement and recommended it to stockholders.
- Company RSAs and PSAs will fully vest and be converted into cash based on the $105.00 merger consideration.
- A Voting and Support Agreement was executed by a stockholder to vote in favor of the merger.
Price Impact
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