NU Online News Service, June 5, 11:45 a.m. – The AmerUs Group, Des Moines, Iowa, says the final price of its acquisition of Indianapolis Life Insurance Company, Indianapolis, will be about $325 million in stock, cash and policy credits.
AmerUs will send Indianapolis Life policyholders 9 million shares of AmerUs stock, which are valued at $35.63 per share, and $9 million in cash and policy credits, sometime in July, the company says.
Indianapolis Life was a policyholder-owned mutual insurer. It converted to to a stock company charter before it completed the AmerUs deal May 21. Now AmerUs is compensating the former policyholder owners of Indianapolis Life for the transfer of their interest in the company.