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The company, formerly known as Fortis, Inc., was spun off from Dutch and Belgian financial-services company Fortis Insurance N.V. in 2004. The company's initial public offering on Feb. 5, 2004 at $1.76 billion was the fourth largest that year. In connection with the public offering, the company changed its name to Assurant, Inc. [4] [5]
April 1, as a result of the court ruling, Fortis expects to defer either the meetings or the decision on the take-over. [247] April 2, ASR Insurance, formerly the Dutch branch of Fortis insurance, reports a loss over 2008 of €640 million. [248] Fortis confirms that the new vote on the takeover will be moved to April 28 and 29.
On February 21, 2012, CH Energy Group (a holding company for Central Hudson Gas & Electric, an upstate New York utility), announced a pending acquisition by Fortis valued at $1.5 billion. [9] On June 27, 2013, Fortis Inc. closed on its acquisition of CHG. In 2013, Fortis announced its acquisition of UNS Energy, an Arizona utility company. [10]
A merchant plug-in (MPI) is a software module designed to facilitate 3-D Secure verifications to help prevent credit card fraud. [1] The MPI identifies the account number and queries the servers of the card issuer (Visa, MasterCard, or JCB International) to determine if it is enrolled in a 3D-Secure program and returns the web site address of the issuer access control server (ACS) if it is ...
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ITC Midwest LLC has transmission systems in portions of Iowa, Minnesota, Illinois and Missouri. This subsidiary was created on December 20, 2007 with ITC's acquisition of Interstate Power and Light Company's transmission system. [4] ITC Midwest owns and operates 6,600 circuit miles of transmission lines with 262 stations and substations. [8]