November 28, 2016 / 10:06 PM / 9 months ago

Insurer Allstate to buy SquareTrade for $1.4 bln

Nov 28 (Reuters) - Property and casualty insurer Allstate Corp said on Monday it would buy SquareTrade Holding Co Inc for about $1.4 billion in cash from a group of shareholders that include Bain Capital.

Allstate said it intends to fund the deal using cash and debt. (bit.ly/2gPJZNY) (Reporting by Sruthi Shankar in Bengaluru; Editing by Maju Samuel)

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