PROTECTIVE INSURANCE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Protective Insurance Corporation – PTVCA, PTVCB

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Feb 25, 2021
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Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Protective Insurance Corporation (NasdaqGS: PTVCA, PTVCB) to The Progressive Corporation (NYSE: PGR). Under the terms of the proposed transaction, shareholders of Protective will receive only $23.30 in cash for each share of Protective that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.