In the early 2000's, St. Paul - Travelers decided to sell one of its subsidiary groups, Geovera
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Question:
In the early 2000's, St. Paul - Travelers decided to sell one of its subsidiary groups, Geovera Holdings, to a private equity firm.After the sale, A.M. Best downgraded the financial strength ratings of the companies of Geovera Holdings to A- from A+.
Explain why you think this sale took place, why the downgrade happened, and how value was created by the sale, if value was in fact created?
Expert Answer:
The decision by St Paul Travelers to sell its subsidiary group Geovera Holdings to a private equity firm likely occurred for strategic reasons Some po... View the full answer
Related Book For 
Intermediate Accounting Reporting and Analysis
ISBN: 978-1337788281
3rd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Posted Date:
