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BRIEF-Onebeacon to be acquired by Intact Financial Corporation for $1.7 billion
May 2, 2017 / 9:16 PM / in 3 months

BRIEF-Onebeacon to be acquired by Intact Financial Corporation for $1.7 billion

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May 2 (Reuters) - Onebeacon Insurance Group

* Onebeacon Insurance Group says deal for $18.10 per share

* Onebeacon to be acquired by Intact Financial Corporation for $1.7 billion

* In addition, Onebeacon debt of approximately $275 million will remain outstanding

* Transaction was unanimously approved by Onebeacon's board of directors Source text for Eikon: Further company coverage:

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