State Auto Financial (STFC) – Get Report shares on Monday went gangbusters after the auto insurer agreed to be acquired by insurer Liberty Mutual for $52 a share.
That would value State Auto, Columbus, Ohio, at about $2.3 billion, judging from Yahoo data.
The stock nearly tripled on Monday, recently trading at $49.92 against Friday’s close at $17.26. It has traded on Monday as high as $50.24. In 2021 through Friday’s close, the stock had slipped 2.7%.
