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Commerce Stockholders Okay Takeover By Mapfre

At present, Commerce and Mapfre said they expect the merger to occur late in the first quarter or early in the second quarter of this year once approvals are secured from regulators in Massachusetts,

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Webster, Mass.-based personal lines insurer Commerce Group Inc. announced today that its shareholders have voted to approve the firm’s acquisition by Spanish insurer Mapfre S.A. for $2.2 billion.

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