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Best’s News & Research Service subscription required - November 08, 2021 05:34 PM (EST)

Lemonade Agrees to Acquire Metromile in Stock Deal Valued at $500 Million

Lemonade has agreed to acquire Metromile in an all-stock transaction that implies a fully diluted equity value of approximately $500 million, or about $200 million net of cash. . . .

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