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THE FLORIDA EMPLOYERS INSURANCE COMPANY ANNOUNCES SALE OF COMPANY'S ASSETS

 THE FLORIDA EMPLOYERS INSURANCE COMPANY
 ANNOUNCES SALE OF COMPANY'S ASSETS
 GEORGE TOWN, Grand Cayman, British West Indies, March 31 /PRNewswire/ -- The Florida Employers Insurance Company (NASDAQ-NMS: FLAEF) announced today that its shareholders had approved the sale of all of the company's assets to FCCI Investment Group, Inc. for $36,112,560 U.S. (equivalent to $16.00 per share). The shareholders also approved the winding up and liquidation of the company. The sale of the assets has been completed.
 -0- 3/31/92
 /CONTACT: Roger Phelps of The Florida Employers Insurance Company, 809-949-0155/
 (FLAEF) CO: The Florida Employers Insurance Company; FCCI Investment Group,
 Inc. ST: Florida IN: INS SU: TNM


AW-BN -- FL011 -- 3461 03/31/92 13:40 EST
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Publication:PR Newswire
Date:Mar 31, 1992
Words:119
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