FBL Financial Group says it has hired a law firm and a financial advisory firm to evaluate an acquisition offer from a sister company, Farm Bureau Property & Casualty Insurance Company.
FBL has hired Sidley Austin LLP to be its legal counsel for evaluating the offer, and Barclays Capital to be its financial advisor.
FBL is a West Des Moines, Iowa-based life insurer. Its stock trades on the New York Stock Exchange, under the symbol FFG. The Iowa Farm Bureau Federation owns about 60% of FBL’s Class A Common stock and about 67% of the company’s Class B common stock.
The Iowa Farm Bureau also controls the Farm Bureau P&C company, and all three companies have offices at 5400 University Ave. in West Des Moines.