Mergers & Acquisitions

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Deal Overview

Buyer:
National Security Group, Inc.
Actual Acquirer:
Omega One Insurance Company, Inc.
Target:
Liberty Southern Insurance Company, Inc.
Deal Type:
Insurance Company
Insurance Sector
Property & Casualty
Agreement Date:
6/14/2000
Announcement Date:
6/14/2000
Announced Deal Value ($ M):
0.70
Announced Deal Value, As Reported ($ M)
NA
Status:
Completed
Announced Deal Value Per Share ($ )
NA
Completion Date:
6/14/2000

Consideration Breakout
Cash ($M) 0.7

Deal Terms
Description of Consideration

National Security Group Inc. acquired Liberty Southern Insurance Co. for approximately $700,000 in an all cash transaction.

Percent Acquired (%) 100.00
Accounting Method Purchase
Merger of Equals? No
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer NA NA
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Bradley Arant Boult Cummings
Seller NA NA
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