March 13, 2017 / 1:53 PM / 5 months ago

BRIEF-Travelers to acquire UK-based Simply Business

March 13 (Reuters) - Travelers Companies Inc

* Travelers to acquire UK-based Simply Business

* Travelers Companies Inc - deal for enterprise value of approximately $490 million

* Travelers Companies Inc - Skadden, Arps, Slate, Meagher & Flom LLP provided legal counsel to Travelers in this transaction

* Travelers will fund transaction through a combination of debt financing and internal resources

* Travelers Companies Inc says transaction is expected to have an insignificant impact on travelers' 2017 and 2018 earnings per share Source text for Eikon: Further company coverage:

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