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November 10, 2006 at 04:35 PM
A health discount club company says it has agreed to acquire an insurance marketing company run by Peter Nauert.
Pr?cis Inc., Grand Prairie, Texas, the parent of the Care Entr?e health discount program, says it will pay 6.8 million shares of stock, or about 33% of the company’s outstanding stock, for Insurance Capital Management USA Inc., Fort Worth, Texas, if ICM records at least $1.25 million in cumulative earnings over 4 consecutive calendar quarters ending on or before Dec. 31, 2007.
The 6.8 million shares of Pr?cis stock would have a value of about $12 million if the deal were completed today.
