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Liberty Mutual acquired Safeco in 2008 for 6.2 Billion Dollars. Since that time, the companies have become more alike than different. The one major difference is that Liberty Mutualâs auto and home products are sold through âexclusive agentsâ whil...
On April 23 the two companies entered into a definitive agreement where Liberty Mutual would acquire all outstanding shares of Safeco common stock for $68.25 per share. The companiesâ boards of directors, Safecoâs shareholders, and the departments of insurance in California, Illinois, Indiana, Missouri, Oregon, Texas and Washington had previously approved the transaction.