Protective Insurance Corporation

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PTVCA MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF PROTECTIVE INSURANCE CORPORATION IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – PTVCB

February 16, 2021.

New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether Protective Insurance Corporation (NASDAQ: PTVCA) and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders in connection with the proposed sale of Protective to The Progressive Corporation.

Upon the completion of the transaction, Protective shareholders will receive $23.30 per share in cash from Progressive. On behalf of Protective shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

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