FBL Financial and Its Sister Win Over Deal Critic
May 11, 2021 by Allison Bell
Farm Bureau Property & Casualty Insurance Company may have moved a step closer to helping a sister company, FBL Financial Group Inc., go private.
Farm Bureau P&C announced Monday that it has agreed to increase its offer for outside investors’ shares of FBL Financial stock to $61 each, from $56. The move increases the total deal value by $47 million, to $575 million.