Inactive Instrument

The National Security Group, Inc.

NSEC

US6375461026

Newport Wafer Fab acquisition called-in for national security assessment

May 26, 2022 at 04:46 am EDT

The acquisition of Newport Wafer Fab has been called-in for a full national security assessment.

The acquisition by Nexperia of Newport Wafer Fab has been called-in for a full national security assessment by Business Secretary Kwasi Kwarteng today (Wednesday 25 May).

The government has powers under the National Security and Investment Act 2021 to scrutinise and - if necessary - intervene in qualifying acquisitions on national security grounds.

The government has 30 working days (extendable by up to a further 45 working days) to carry out that assessment. That process is underway.

Latest news about The National Security Group, Inc.

The National Security Group, Inc. Appoints Kelly H. Jackson as the Chief Financial Officer	23-03-16	CI
The National Security Group, Inc. Announces Executive Promotions	23-03-16	CI
The National Security Group, Inc.(NasdaqGM:NSEC) dropped from S&P TMI Index	22-07-05	CI
National Security Group Completes Merger With VR Insurance, Stock to Be Delisted on Nasdaq	22-07-01	MT
An investor group led by Vivek Ranadivé completed the acquisition of The National Security Group, Inc..	22-06-29	CI
The National Security Group, Inc.(NasdaqGM:NSEC) added to Russell Microcap Value Index	22-06-24	CI
The National Security Group, Inc.(NasdaqGM:NSEC) added to Russell 3000E Value Index	22-06-24	CI
The National Security Group, Inc.(NasdaqGM:NSEC) added to Russell 3000E Index	22-06-24	CI
The National Security Group, Inc.(NasdaqGM:NSEC) added to Russell Microcap Index	22-06-24	CI
National Security Group Reports Higher Q1 Earnings	22-05-16	MT
The National Security Group, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022	22-05-16	CI
The National Security Group, Inc. Declares Quarterly Cash Dividend, Payable on May 31, 2022	22-04-28	CI
The National Security Group, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021	22-03-04	CI
Financial Stocks Adding to Afternoon Retreat	22-01-27	MT
Sector Update: Financial	22-01-27	MT
The National Security Group, Inc. Declares Quarterly Cash Dividend, Payable on February 28, 2022	22-01-27	CI
Top Midday Gainers	22-01-27	MT
Wall Street Set for Gains as US GDP Rises to 6.9% in Q4	22-01-27	MT
Top Premarket Gainers	22-01-27	MT
National Security Group Surges in Pre-Market Trading After Unveiling $41.4 Million Merger Agreement With VR Insurance	22-01-27	MT
An investor group led by Vivek Ranadivé executed letter of intent to acquire The National Security Group, Inc. for $41.4 million.	22-01-25	CI
The National Security Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021	21-11-12	CI
The National Security Group, Inc. Declares Quarterly Cash Dividend, Payable on November 30, 2021	21-10-22	CI
Tranche Update on The National Security Group, Inc.'s Equity Buyback Plan announced on May 26, 2020.	21-08-13	CI
The National Security Group, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021	21-08-13	CI

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The National Security Group, Inc. is an insurance holding company. The Company, through its three wholly owned subsidiaries, operates in two industry segments: property and casualty (P&C) insurance and life insurance. The property and casualty business are operated through National Security Fire and Casualty (NSFC), and Omega One Insurance Company (Omega), which primarily write personal lines dwelling coverage, including dwelling fire and windstorm, homeowners and mobile homeowner's lines of insurance in approximately ten states. The Company's life insurance business is operated through National Security Insurance Company (NSIC), which offers a basic line of life and health and accident insurance products in approximately seven states. It also offers life, accident and health, supplemental hospital and cancer insurance products. It operates in the states of Alabama, Arkansas, Georgia, Louisiana, Mississippi, Oklahoma, South Carolina, Florida, Texas, and Tennessee.

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Property & Casualty Insurance

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