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Hallmark Financial Services, Inc. Announces Agreement to Acquire Pan American Acceptance Corporation

PRNewswire-FirstCall Car Insurance Expired
Published by CarInsurance.com News 10:44 AM Dec-01-2005

FORT WORTH, Texas, Nov. 30 /PRNewswire-FirstCall/ -- Hallmark Financial Services, Inc. today announced that it has executed a definitive agreement to acquire Pan American Acceptance Corporation ("PAAC"). Closing conditions include, among other things, obtaining consent to the transaction from the Texas Department of Insurance and the prior or contemporaneous closing of Hallmark's acquisition of TGA and TGASRI. Hallmark has filed with the Securities and Exchange Commission a Current Report on Form 8-K containing additional information concerning the PAAC purchase agreement.....

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