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Fremont Michigan InsuraCorp Inc. announced April 18 that it has entered into a merger agreement with the Auto Club Insurance Association of Dearborn. ACIA is to acquire all outstanding shares of Fremont for $36.15 per share in cash, for an aggregate purchase price of approximately $67.7 million.
On Friday, April 15, Fremont stock closed at $26.75. Today, it leads the list of stocks of local interest covered on the Business Journal's Area Economy page, with a price that reached $34.97 last week.
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