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Allstate Corp. announces its agreement to acquire Squaretrade Inc., a company specializing in warranties for electronic products, for approximately $1.4 billion. This acquisition enables Allstate to expand its customer base by offering protection plans for consumer electronics and connected devices. The deal, financed through cash and debt, is subject to regulatory approvals and is expected to impact Allstate's per-share earnings for the next three years.
Sunday, 27 November, 2016