Everest Re in Talks to Acquire Heartland Crop
Everest Re Group, Ltd. announced on Wednesday [Dec 15] that it has entered into discussions with Heartland Crop Insurance, Inc. regarding a potential acquisition of the Kansas-based company by Everest Reinsurance Holdings, Inc. or one of its affiliates. The parties have entered into a non-binding letter of intent.
The potential transaction remains subject to negotiation and execution of definitive agreements, and Everest says “there can be no assurance that a definitive agreement will be entered into or that the discussions will result in a transaction.”
