IHC Announces Agreement to Sell a Controlling Interest in Pet Division and the Stock of Independence American Insurance Company
STAMFORD, Conn., May 17, 2021 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE: IHC) today reported its agreement to sell a controlling interest in its pet division and in the stock of Independence American Insurance Company (Independence American) to a subsidiary of Iguana Capital, Inc. (Buyer), an investment company specifically formed to facilitate this transaction. The transaction is structured as two agreements that are expected to close on different dates.
IHC Announces Agreement to Sell a Controlling Interest in Pet Division and the Stock of Independence American Insurance Company
STAMFORD, Conn., May 17, 2021 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE: IHC) today reported its agreement to sell a controlling interest in its pet division and in the stock of Independence American Insurance Company (Independence American) to a subsidiary of Iguana Capital, Inc. (Buyer), an investment company specifically formed to facilitate this transaction. The transaction is structured as two agreements that are expected to close on different dates.