LONDON, UK / ACCESSWIRE / June 15, 2018 / If you want access to our free research report on Kemper Corp. (NYSE: KMPR), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=KMPR as the Company's latest news hit the wire. On June 13, 2018, the Company and Infinity Property and Casualty Corp. (NASDAQ: IPCC) ("Infinity") announced that the anticipated deadline for Infinity's shareholders to elect the form of merger consideration they will receive is June 18, 2018, 5 p.m. EDT. The deadline is pursuant to the previously announced merger agreement under which Kemper will acquire Infinity. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Kemper and Infinity Property and Casualty most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=KMPR

www.active-investors.com/registration-sg/?symbol=IPCC

Infinity's Shareholders Can Elect from Following Three Options

Infinity's shareholders can elect to receive:

  • (i) without interest and subject to any required withholding of taxes, a mixed consideration equal to a combination of $51.60 in cash and 1.2019 shares of Kemper common stock for each Infinity share held;
  • (ii) a stock consideration equal to 2.0031 shares of Kemper common stock for each Infinity share held; and
  • (iii) a cash consideration equal to $129.00 for each Infinity share held.

Infinity's Shareholders Failing to make a Valid Election by Deadline will be Considered as Electing Mixed Consideration for All of their Infinity Shares

The election deadline may be changed, in which case both Companies will issue a press release announcing the new election deadline. Infinity's shareholders failing to make a valid election by the election deadline will be deemed to have elected to receive the mixed consideration with respect to all of their Infinity shares. To make an election, Infinity's shareholders are required to deliver to Computershare Trust Co., N.A., which is the exchange agent for the transaction, prior to the election deadline, a properly completed election form together with their Infinity stock certificates; a confirmation of book-entry transfer; or a properly completed notice of guaranteed delivery.

Acquisition Deal Announced in February 2018

On February 13, 2018, Kemper entered into a definitive merger agreement to acquire Infinity in a cash and stock transaction valued at approximately $1.4 billion, or $129.00 per share. The Company expects to fund the cash portion of the consideration with a combination of cash on hand from the combined companies and other internal resources. This transaction combines two well-known brands with complementary strengths and cultures to form a leader in non-standard auto insurance, and enhances Kemper's overall growth opportunities, diversification, financial strength, and ability to serve policy holders. The acquisition was approved by shareholders of both Companies on June 01, 2018.

About Infinity Property and Casualty Corp.

Alabama-based, Infinity, through its subsidiaries, provides personal auto insurance products in the United States. Established in 2002 and headquartered in Birmingham, the Company offers non-standard, commercial, and classic collector auto insurance products.

About Kemper Corp.

Founded in 1990, the Kemper family of Companies is one of United States' leading insurers. With $8 billion in assets, Kemper is a diversified insurance holding Company with subsidiaries that provide home, auto, life, health, rental, and other insurance products to individuals and businesses.

Stock Performance Snapshot

June 14, 2018 - At Thursday's closing bell, Kemper's stock dropped 1.34%, ending the trading session at $77.25.

Volume traded for the day: 260.09 thousand shares.

Stock performance in the last month ? up 5.10%; previous three-month period ? up 36.36%; past twelve-month period ? up 91.45%; and year-to-date - up 12.12%

After yesterday's close, Kemper's market cap was at $3.92 billion.

Price to Earnings (P/E) ratio was at 21.69.

The stock has a dividend yield of 1.24%.

The stock is part of the Financial sector, categorized under the Property & Casualty Insurance industry.

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