UPDATE 1-Kelso to buy Insurance Auto for $385 mln

Newswire

(Adds details) NEW YORK, Feb 23 (Reuters) - Insurance Auto Auctions Inc. said on Wednesday it has agreed to be bought by private equity firm Kelso & Company for $385 million, in a move that will end its years as a public company. Insurance Auto shareholders will receive $28.25 in cash per share from Kelso, a buyout firm based in New York. Insurance Auto shares closed at $22.41 on Tuesday in Nasdaq trading. The company's largest stockholder, ValueAct Capital, has agreed to vote its ...

Premium Content (PAID Subscription Required)

"UPDATE 1-Kelso to buy Insurance Auto for $385 mln" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×