Illinois companies increases Indianapolis bid for the damage and reinsurance insurers accidents

Illinois once again its bid for Meridian Insurance Group, a stage, neither the rich traditions under the control of the executive head of a health insurance company declared insolvent in June.

American Insurance Co. Union on Monday offered $ 25 a share to acquire a 50.1 per cent from Indianapolis injury and accident reinsurance insurers.

It is almost two times higher than the average of $ 12.75 per share meridian acted as the day of the American Union has its first offer of $ 20 a share, on 30 August.

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