Lemonade (LMND) to Acquire Metromile (MILE) in All-Stock Deal
Lemonade (NYSE:LMND), the insurance company powered by AI, has entered into a definitive agreement to acquire auto insurance company Metromile (NASDAQ:MILE) in an all-stock transaction. The deal gives Metromile, which previously merged with INSU Acquisition Corp. II nearly 10 months ago, an implied equity value of approximately $500 million, or just over $200 million net
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