Nationwide Insurance acquires Harleysville Mutual Insurance and Harleysville Group for $840 million
Clients Nationwide Mutual Insurance Company
Jones Day advised Nationwide Mutual Insurance Company in its $840 million acquisition of Harleysville Mutual Insurance Company and Harleysville Group Inc.
Under the terms of the agreement, Harleysville Mutual merged into Nationwide Mutual and Harleysville Group, Harleysville Mutual's publicly traded subsidiary, merged with a newly formed subsidiary of Nationwide Mutual. Each public stockholder of Harleysville Group received $60.00 per share in cash. At closing, Harleysville Group became a wholly owned subsidiary of Nationwide.