<p>Nationwide, one of largest home and auto insurers, will pay $60 a share in cash for Harleysville, nearly a 100 per cent premium to the stock’s Wednesday close and nearly 140 per cent premium to the stock’s price. <br /><br />Harleysville Mutual policyholders will become customers of Nationwide Mutual. The Harleysville brand will continue to exist after the deal closes. Closing is expected in early 2012.</p>
<p>Nationwide, one of largest home and auto insurers, will pay $60 a share in cash for Harleysville, nearly a 100 per cent premium to the stock’s Wednesday close and nearly 140 per cent premium to the stock’s price. <br /><br />Harleysville Mutual policyholders will become customers of Nationwide Mutual. The Harleysville brand will continue to exist after the deal closes. Closing is expected in early 2012.</p>