CEDAR RAPIDS, Iowa (AP) — United Fire & Casualty Co. said Wednesday it has the necessary approvals from state regulators and company shareholders to complete its acquisition of Mercer Insurance Group Inc.
United Fire, a Cedar Rapids-based insurer, announced in November plans to buy Pennington, N.J.-based Mercer for $191 million cash.
United Fire said approvals have come from the California Department of Insurance, the New Jersey Department of Banking and Insurance, and the Pennsylvania Department of Insurance.
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