Old Republic completes acquisition of ECM Group after members approve demutualization plan
مجموعة رايان سبيشالتي
Old Republic International Corporation
Ryan Specialty Holdings, Inc. Class A RYAN | 0.00 | |
Old Republic International Corporation ORI | 0.00 |
- Old Republic is set to acquire Everett Cash Mutual’s newly formed stock insurer, ECM Insurance Company, once the conversion takes effect on July 1, 2026.
- ECM members backed the conversion from mutual to stock form at a special meeting, clearing the path for the takeover of the ECM Group.
- Old Republic completed a subscription offering of its common stock, raising about USD 25 million at USD 25.8 a share, a 35% discount.
- Up to 956,000 Old Republic shares are expected to be issued to complete the transaction.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Old Republic International Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202606301830PR_NEWS_USPR_____NY96022) on June 30, 2026, and is solely responsible for the information contained therein.
