NU Online News Service, Aug. 12, 3:43 p.m. EDT

Columbus, Ohio-based specialty property and casualty insurer Bancinsurance Corp. plans to go private, offering $8.50 a share for its common stock in an all cash offer.

The company, which writes its insurance business under its subsidiary, Ohio Indemnity Co., would be owned by John S. Sokol, chairman, president and chief executive officer; Barbara K. Sokol; James K. Sokol; Carla A. Sokol; Falcon Equity Partners, L.P.; Matthew D. Walter (a member of the Bancinsurance board of directors); Daniel J. Clark; Joseph E. LoConti; Edward Feighan; and Charles Hamm.

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