CRUSADER INSURANCE PARENT UNICO IN MERGER TALKS.Byline: Gregory J. Wilcox Wilcox may refer to: Place names in the United States
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Responding to huge spikes spikes see peplomer. in its stock volume, insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. Unico Unico is a technology transfer organisation that represents the Technology Exploitation companies of UK Universities. It was founded in 1994. UNICO's website states that "It provides a forum for exchange and development of best practice. American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Corp. said Wednesday it is discussing a merger with another company. Unico Vice President and General Counsel Roger H. Platten declined to identify the potential partner. ``We've talked to several different companies over the years. It's something that goes on on a regular basis,'' he said. ``There are a lot of substantial issues that need to be resolved, and I can't say whether there will be a deal or not.'' Platten said the company made the announcement at the request of Nasdaq officials after several days of exceptionally heavy volume. He said he does not know who the stock buyers were. Average daily volume in recent years had been about 10,000 shares but hit 191,000 shares Feb. 25. Trading was halted Wednesday after 46,000 shares changed hands with the stock up 1 at 15. Woodland Hills-based Unico, which sells property, casualty, health and life insurance to small businesses through its Crusader Insurance Co., disclosed the potential deal after the market closed. Analyst Blair Sanford at Hoefer & Arnette in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden said he was not surprised that a deal is in the works. ``Unico has performed very well historically,'' he said, ``and they've got some solid profitability. It's a very good insurance company, so I can see how it would be an attractive combination for someone. |
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