Bloomberg News

Old Republic Sells Stake in Indemnity Unit in Leveraged Buyout

May 21, 2012

Old Republic International Corp. (ORI:US), the insurer that stopped backing home loans after capital ran short at the business, said it sold 20.6 percent of the Republic Financial Indemnity Group unit to investors in a partial leveraged buyout.

The deal is tied to a plan to spin off stock in the unit to Old Republic shareholders, the Chicago-based insurer said today in a statement distributed by PR Newswire.

To contact the reporter on this story: Noah Buhayar in New York at

To contact the editor responsible for this story: Dan Kraut at

The Good Business Issue

Companies Mentioned

  • ORI
    (Old Republic International Corp)
    • $14.59 USD
    • 0.02
    • 0.14%
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