Nationwide Financial Service Inc. has received an offer from its parent company Nationwide Mutual to buy its publicly held shares for $2.2 billion.


Nationwide Mutual is offering $47.20 for each Class A share of the insurance and financial services provider, a 24% premium over last week’s closing price of $37.93.


Nationwide Mutual includes Nationwide Mutual Insurance Co., Nationwide Corp. and Nationwide Mutual Fire Insurance Co.

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