Business Context and Reporting Period
Company: Assurant, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: June 22, 2011
Event: Announcement of the acquisition of the SureDeposit business from Converge Services Group, LLC in an all-cash transaction.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document serves as a notification of a corporate event rather than a financial performance report.
Material Changes
- Acquisition: Assurant, Inc. purchased the SureDeposit business.
- Transaction Structure: The acquisition was executed as an all-cash transaction.
- Counterparty: The seller was Converge Services Group, LLC.
Guidance, Outlook, and Risks
The filing text does not contain management commentary, financial guidance, outlook, specific risks, or contingencies related to the transaction. It references a news release (Exhibit 99.1) for further details, but the content of that release is not included in the provided text.
Investor Verification Checklist
- Verify the purchase price and total consideration paid for the SureDeposit business.
- Confirm the expected closing date and any conditions precedent to the transaction.
- Review the full news release (Exhibit 99.1) for strategic rationale and integration plans.
- Assess the impact of the all-cash transaction on the company's liquidity and capital structure.