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HANOVER INSURANCE ANNOUNCES REORGANIZATION PLANS

 WORCESTER, Mass., Nov. 23 ~PRNewswire~ -- At a special meeting of shareholders of The Hanover Insurance Company (NASDAQ-NMS: HINS) held today, a plan of reorganization was approved by shareholders. The plan provides that Hanover shareholders will receive in exchange for each share of their Hanover stock, one share of a recently created Delaware holding company, which will hold 100 percent of outstanding Hanover stock. The exchange will take place as soon as all regulatory approvals are received. These are expected shortly.
 The new holding company for Hanover Stock, Allmerica Property & Casualty Companies, Inc. will replace Hanover ("HINS") and trade on NASDAQ under the symbol "ALPC."
 -0- 11~23~92
 ~CONTACT: Mark Plotczyk, director, corporate public affairs, 508-855-3099~
 (ALPC HINS)


CO: Hanover Insurance Company; Allmerica Property & Casualty ST: Massachusetts IN: INS SU: RCN

DD -- NE008 -- 0415 11~23~92 10:52 EST
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Publication:PR Newswire
Date:Nov 23, 1992
Words:140
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