FFG - Farm Bureau Property & Casualty take FBL Financial private for $56/share

FBL Financial Group ([[FFG]] +4.3%) to go private, as it announces definitive agreement with Farm Bureau Property & Casualty Insurance ('FBPCIC'), under which FBPCIC will acquire all of the outstanding shares of FBL Financial Group Class A and Class B common stock for $56/share in cash.Purchase price represents a 50% premium to FBL Financial Group’s unaffected closing share price of $37.25 on September 3, 2020; and the aggregate cash purchase price is ~$528M.Closing is expected in the first half of 2021.Previously (Sept. 4, 2020): FBL Financial cheers public minority stake by Farm Bureau Property & Casualty Insurance

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Farm Bureau Property & Casualty take FBL Financial private for $56/share