FFG - Farm Bureau Property & Casualty Insurance Company to buy FBL Financial Group shares for $61

FBL Financial Group ([[FFG]] +0.2%) shareholders approve transaction wherein Farm Bureau Property & Casualty Insurance Company (or FBPCIC) will acquire all outstanding shares of FBL Financial Group, excluding shares owned by FBPCIC and the Iowa Farm Bureau Federation (or IFBF), for $61.00 per share in cash.“Throughout this process, the Special Committee was singularly focused on maximizing value for FBL Financial Group’s unaffiliated shareholders and we welcome their support. Over the coming days, FBL Financial Group will be focused on working with FBPCIC to complete the transaction, and on maintaining FBL Financial Group’s dedication to protecting the livelihoods and futures of our client/members as a private company.” said Paul Larson, Chairman of the Special Committee.

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Farm Bureau Property & Casualty Insurance Company to buy FBL Financial Group shares for $61