Nationwide Mutual Insurance Company says it's completed its $60 a share purchase of Harleysville Group Inc. and taken control of Harleysville Mutual Insurance Co., merging it into Nationwide Mutual.
Nationwide paid $834 milllion for the Harleysville Group shares. Litigation continues over whether Nationwide should have also paid Harleysville Mutual policyholders a premium.
Nationwide paid $834 milllion for the Harleysville Group shares. Litigation continues over whether Nationwide should have also paid Harleysville Mutual policyholders a premium.
But the deal is done, according to a statement by Harleysville president Michael Browne, who pockets $19 million in the deal, and who will remain in charge of the Harleysville-based business and its 1,700 workers, at least for now.Â