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Progressive Expands Commercial Lines Products with Acquisition of Protective Insurance

Feb 16, 2021 - GlobeNewswire
Mergers and Acquisitions

Leader in Commercial Auto Insurance Seeks to Expand Capabilities

Protective Shareholders to Receive $23.30 Per Share in Cash MAYFIELD VILLAGE, Ohio and CARMEL, Ind., Feb. 16, 2021 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE: PGR) and Protective Insurance Corporation (NASDAQ: PTVCA and PTVCB) today announced that they have entered into a definitive agreement under which Progressive has agreed to acquire all of the outstanding Class A and Class B common shares of Protective f...