A.M. Best Comments on the Pending Acquisition of The Ohio Casualty Corporation by Liberty Mutual Holding Company, Inc.
May 07 2007 - 2:10PM
Business Wire
A.M. Best Co. has commented that the ratings of Ohio Casualty
Corporation (Ohio Casualty) (Fairfield, OH) [NASDAQ: OCAS] and its
operating subsidiaries remain unchanged following today�s
announcement that Liberty Mutual Group, Inc. (LMGI) will be
acquiring Ohio Casualty. LMGI and Ohio Casualty have executed a
purchase agreement and are entering the regulatory approval
process, with the transaction expected to close later this year.
A.M. Best will monitor the progress of this transaction going
forward. For Best�s Ratings, an overview of the rating process and
rating methodologies, please visit www.ambest.com/ratings. Founded
in 1899, A.M. Best Company is a full-service credit rating
organization dedicated to serving the financial services
industries, including the banking and insurance sectors. For more
information, visit www.ambest.com.
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