Tiptree Financial to Acquire Fortegra in $218 Million Deal

Tiptree Financial Inc. agreed to buy Fortegra Financial Corp. in a $218 million deal to expand in insurance.

Tiptree will pay $10 per share for Jacksonville, Florida-based Fortegra, about 42 percent more than Fortegra’s closing price yesterday, according to a statement today from the companies distributed by Business Wire.

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