NasdaqGS:SAFTInsurance
Is Safety Insurance Group (SAFT) Overvalued Following MAPFRE's $105 A Share Bid?
MAPFRE U.S.A. Corp. has agreed to acquire Safety Insurance Group (NasdaqGS:SAFT) in an all cash deal valuing the Boston based insurer at US$1.6b. The offer provides shareholders US$105 per share, which is a 44% premium to the pre announcement price.
See our latest analysis for Safety Insurance Group.
The MAPFRE announcement has clearly reset expectations around Safety Insurance Group, with a 7 day share price return of 40.31% and a 1 year total shareholder return of 53.56% pointing to strong...