Bankers Insurance Company Announces Intention to Acquire Shares of Insurance Management Solutions Group, Inc.Business Editors ST. PETERSBURG Petersburg, city (1990 pop. 38,386), politically independent and in no county, SE Va., on the Appomattox River; inc. 1850. A port of entry and an important tobacco market, it has industries producing chemicals, pharmaceuticals, furniture, structural steel, lumber, , Fla.--(BUSINESS WIRE)--Nov. 22, 2000 Bankers Insurance Company announced today the intent to purchase up to 250,000 outstanding shares of common stock of Insurance Management Solutions Group, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : INMG INMG Instituto Nacional de Meteorologia e Geofísica (Portugal) ). Insurance Management Solutions Group, Inc. is a majority-owned subsidiary majority-owned subsidiary A firm in which more than 50% of outstanding voting stock is owned by the parent company. of Bankers Insurance Group, Inc. Bankers Insurance Company is a wholly-owned subsidiary of Bankers Insurance Group, Inc. and a principal customer of Insurance Management Solutions Group, Inc. Bankers Insurance Company said it would purchase the shares of common stock, from time to time, through open market purchases or in negotiated private transactions. Bankers Insurance Company said it will base purchase decisions on such factors as the stock price and general economic and market conditions. |
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