Safety Insurance soars 41% on $1.54B Mapfre buyout deal (SAFT:NASDAQ)
Safety Insurance Group (SAFT) shares surged 41% after announcing an agreement to be acquired by an affiliate of Mapfre for approximately $1.54 billion in an all-cash deal. Mapfre is offering a 44% premium to the prior closing price, valuing the deal at $105 per …