Alfa stock ceases to trade following acquisition by majority stockholder group

By Lisa Kerner

Charlotte, N.C., April 15 - Alfa Corp. is now a wholly owned subsidiary of Alfa Mutual Insurance Co. and Alfa Mutual Fire Insurance Co. (together the Mutual Group) following Mutual's acquisition of all of the outstanding shares of Alfa common stock for $22 per share, the companies said.

It was previously reported that Mutual is part of a majority stockholder group.

A special meeting of Alfa shareholders was held Tuesday for the purpose of voting on the transaction.

Alfa's common stock ceased trading on the Nasdaq Global Select Market at the close of business on Tuesday, according to an Alfa news release.

Alfa, through its subsidiaries, offers property and casualty insurance, life insurance and financial services products. The company is based in Montgomery, Ala.

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