Another acquisition for Quindell
UK-based insurance services provider Quindell Portfolio has agreed to buy claims outsourcing business Crusader Assistance Group Holdings for 34.2m shares at an implied value of 17.5p a share, plus an initial £1m ($1.52m) and two further payments of £1m at the end of each of the two warranted profit periods. The agreed valuation is £9m.
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