Biggest Deals of 2012March 1, 2013 – In The News
Nationwide Mutual Insurance Co. acquired Harleysville Group Inc., a subsidiary of Harleysville Mutual Insurance Co., for $1.6 billion in cash. Nationwide Mutual Insurance Co. paid $60 in cash per share. This acquisition is listed as the fifth largest of the year according to the annual Philadelphia Business Journal’s list of the biggest deals in 2012.
Harleysville Group was represented by Fox Rothschild corporate partners Peter Tucci and Loren Danzis. Tucci previously advised Harleysville Group on its acquisition of a flood insurance unit from Delta Lloyds Insurance.