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Slideshow Mega-Mergers: Largest Recent M&A Transactions

By The Online Investor Staff, updated Sun., Apr. 19, 5:00 PM

Slide #1. HC2 Holdings, Inc. American Financial Group's Long-Term Care Insurance Businesses

Acquirer: HC2 Holdings, Inc. (HCHC)
Acquiree: American Financial Group's Long-Term Care Insurance Businesses (AFG)
Details: HC2 Holdings, Inc. ("HC2") (NYSE MKT: HCHC) is pleased to announce that it has signed a definitive agreement for the acquisition of long-term care and life insurance businesses, United Teacher Associates Insurance Company ("United Teacher") and Continental General Insurance Company ("Continental General"), pursuant to an agreement with American Financial Group, Inc. (NYSE: AFG) (NASDAQ: AFG) (the "Seller") for an initial payment of $7 million in cash and HC2 securities. The purchase price is subject to adjustment based on certain items, including operating results through the closing date.

HC2 Holdings is a holding company. Through its subsidiaries, Co. has three operating segments: Telecommunications, which includes International Carrier Services, where Co. interconnects with main U.S. operators and routes voice traffic to all NPA-NXX codes in the U.S.; Life Sciences, which includes Genovel Orthopedics, Inc. involved with the development of products to treat early osteoarthritis of the knee; and Manufacturing, which includes Schuff International, Inc., a steel fabrication and erection company with operations in Arizona, Florida, Georgia, Texas, Kansas and California.

Open the HCHC Page at The Online Investor »

HC2 Holdings is a holding company. Through its subsidiaries, Co. has three operating segments: Telecommunications, which includes International Carrier Services, where Co. interconnects with main U.S. operators and routes voice traffic to all NPA-NXX codes in the U.S.; Life Sciences, which includes Genovel Orthopedics, Inc. involved with the development of products to treat early osteoarthritis of the knee; and Manufacturing, which includes Schuff International, Inc., a steel fabrication and erection company with operations in Arizona, Florida, Georgia, Texas, Kansas and California.

Open the AFG Page at The Online Investor »

Company Name:  HC2 Holdings Inc
Website:  www.hc2.com
Sector:  Communications Services
Number of ETFs Holding HCHC:  1
Total Market Value Held by ETFs:  $76384
Total Market Capitalization:  $268.00M
% of Market Cap. Held by ETFs:  0.03%
Company Name:  American Financial Group Inc
Website:  www.afginc.com
Sector:  Insurance Brokers
Number of ETFs Holding AFG:  54
Total Market Value Held by ETFs:  $226.95M
Total Market Capitalization:  $5.73B
% of Market Cap. Held by ETFs:  3.96%
 

April 19, 2015    5:00 PM Eastern
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