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Harleysville, Nationwide Submit Merger Filing to PA Department

Harleysville Mutual Insurance Company and Nationwide Mutual Insurance Company would merge under a filing received by the Pennsylvania Insurance Department, Insurance Commissioner Mike Consedine has announced.
November 22, 2011

Harleysville Mutual Insurance Company and Nationwide Mutual Insurance Company would merge under a filing received by the Pennsylvania Insurance Department, Insurance Commissioner Mike Consedine has announced.

If approved, Harleysville Mutual policyholders would become policyholders and members of Nationwide Mutual, and Nationwide Mutual would acquire all of the publicly held shares of common stock of Harleysville Group. Each public stockholder of Harleysville Group would receive a set dollar amount per share in cash.

The Pennsylvania Insurance Department will evaluate the proposal. Public input will be part of the department’s review process. Other regulatory bodies must also approve the merger before it becomes effective, including the Ohio Insurance Department, the state in which Nationwide is domiciled. The policyholders for Harleysville Mutual and Nationwide Mutual must also approve the merger.

Read the entire article on the Harleysville Nationwide merger: Harleysville, Nationwide Submit Filing (MarketWatch 11/15/11)

Read more on PIA's conversation with Harleysville executives: PIA President-elect Andy Harris Meets with Harleysville CEO (PIA 10/31/11)

Read more on the merger between Harleysville and Nationwide: Harleysville CEO Briefs PIA on Merger with Nationwide (PIA 10/18/11)

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