FBL Financial Group Announces Modified Dutch Auction Tender Offer and Share Repurchase for up to $175 million of Shares of
FBL Financial Group, Inc. (NYSE: FFG) announced today that its Board of Directors has approved share repurchase transactions totaling up to $175 million. The repurchases will be effected by a tender offer for up to $140 million of shares of its Class A Common Stock (the “Shares”) and a separate agreement to repurchase up to 1,000,000 Shares from Iowa Farm Bureau Federation, its majority shareholder, for the price at which Shares are purchased in the tender offer. These transactions are part of FBL Financial Group's $200 million stock repurchase authorization announced on October 7, 2011. The tender offer is expected to commence the week of February 27, 2012.
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