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Industry Spotlight > Mergers and Acquisitions

SNL: Insurers Make Fewer Deals

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NU Online News Service, April 9, 2003, 4:48 p.m. EDT – Insurance companies announced 55 mergers and acquisitions in the first quarter, down from 68 in the first quarter of 2002, according to SNL Financial L.C., Charlottesville, Va.

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Acquirers were paying an average of only 79% of the target’s book value, but total announced deal value increased to $648 million, up from $149 million for the first quarter of 2002.