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Assurant to acquire Warranty Group in $2.5B deal

Assurant Inc. has agreed to acquire The Warranty Group, a provider of protection plans and related programs, in a transaction valued at $2.5 billion.

The Warranty Group is a portfolio company of TPG Capital. The deal is expected to close in the first half of 2018, subject to shareholder and regulatory approvals, and other customary closing conditions.

More details to follow.