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Specialty insurer Rockhill Holding Company is acquiring Minneapolis-based RTW Inc. in a $67.6 million deal, it was announced today by the two carriers.

Rockhill, in Kansas City, Mo., will acquire all outstanding shares of RTW stock for $12.45 per share in cash. After the merger, RTW, which offers workers’ compensation insurance and services, will continue to operate as a separate wholly owned subsidiary of Rockhill, the firms said.

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