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Mutual Capital Group Acquires ICC Holdings for $73.8 Million in Cash

  • June 10, 2024

Mutual Capital Group, Inc. entered into a definitive merger agreement on June 8, 2024, to acquire ICC Holdings, Inc. (ICCH) in an all-cash deal valued at $73.8 million.

Deal Structure:

Under the terms of the agreement, Mutual Capital Group will acquire all outstanding ICC shares for $23.50 in cash, representing a premium of 46.88% from the stock’s last close.

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