NU Online News Service, July 8, 3:30 p.m. EDT
The Doctors Company will acquire American Physicians Capital Inc. (APCapital) for approximately $386 million, the companies have announced.
APCapital, an East Lansing, Mich.-based regional provider of medical professional liability insurance, said its board approved the deal for $41.50 per share in cash, and that the board is recommending that its shareholders approve the transaction.
The Doctors Company, based in Napa, Calif., is a national insurer of physician and surgeon medical liability.
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