Lemonade-Metromile deal closure pushed to Q3 2022
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Lemonade-Metromile deal closure pushed to Q3 2022

Farhin Lilywala
June 14, 2022
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Metromile has announced that its merger with Lemonade will now close in early Q3 2022, as opposed to previously provided estimates of a Q2 closure, according to a company filing.

Last November, Lemonade announced it entered an agreement to buy auto InsurTech Metromile through an all-stock transaction, implying a diluted equity value of $500mn, or $200mn net of cash.

The

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Topics

NewsM&APersonal linesPersonal autoInsurTechMetromileLemonade
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Farhin Lilywala
Section Editor, Distribution & Specialty
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