Boston Omaha Completes Sale of Surety Insurance Business
Boston Omaha Corp completed the sale of its surety insurance unit to CopperPoint for an all-cash gross price of $84.3 million, moving proceeds to cash equivalents pending deployment. The divestiture is part of the company's strategy focusing on its core businesses and its recently announced $30 million share repurchase plan.
AI-generated summary for informational purposes only. Always verify against the original filing. Not investment advice. BriefTape is not a registered investment adviser.
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