Old Republic Announces Stock Purchase By Its ESSOP
Old Republic International Corporation (ORI)
Last old republic international corporation earnings: 4/23 09:00 am
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US:NYSE Investor Relations:
ir.oldrepublic.com
Company Research
Source: PR Newswire
CHICAGO, March 12, 2020 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today reported that its Employees Savings & Stock Ownership Plan ("ESSOP") planned to acquire up to 3,000,000 Old Republic common shares in open-market purchases, as market conditions may warrant. As of December 31, 2019 the ESSOP held approximately 15.3 million ORI common shares or approximately 5.1% of all shares then outstanding. Assuming all 3.0 million shares are ultimately acquired, the ESSOP would own approximately 18.3 million ORI common shares or approximately 6.1% of all currently outstanding common shares. About Old RepublicChicago-based Old Republic International Corporation is one of the nation's 50 largest publicly held insurance enterprises. It is a member of the Fortune 500 listing of America's largest companies. The Company is organized as an insurance holding company whose subsidiaries actively market, underwrite, and provide risk management services for a wide variety of cover
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