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June 20, 2000 | From Reuters
Two U.S. companies, Liberty Corp. and Reliance Group Holdings Inc., said Monday that they were selling insurance businesses as part of shifts in strategic direction. Liberty Corp., a broadcasting and insurance holding group, said it agreed to sell its insurance units to Royal Bank of Canada for $650 million. Reliance Group, an insurance company being purchased by Leucadia National Corp.
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BUSINESS
June 20, 2000 | From Reuters
Two U.S. companies, Liberty Corp. and Reliance Group Holdings Inc., said Monday that they were selling insurance businesses as part of shifts in strategic direction. Liberty Corp., a broadcasting and insurance holding group, said it agreed to sell its insurance units to Royal Bank of Canada for $650 million. Reliance Group, an insurance company being purchased by Leucadia National Corp.
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