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Citizens Inc Reports Acquisition Of Magnolia Guaranty Life


Monday, 7 Oct 2013 06:29pm EDT 

Citizens Inc announced that its wholly owned subsidiary, Security Plan Life Insurance Company has reached a definitive agreement to acquire Magnolia Guaranty Life Insurance Company (Magnolia Guaranty) of Ridgeland, Mississippi, for $5.23 million. Magnolia Guaranty has 409,553 shares of capital stock outstanding. Closing is expected during the fourth quarter of 2013, following completion of requisite due diligence and regulatory approvals. 

Company Quote

6.89
0.05 +0.73%
4:03pm EDT