Getting your player ready...
Liberty Mutual Agency Corp., a unit of Liberty Mutual Holding Co., will seek to raise as much as $1.41 billion to help repay debt in what would be the biggest U.S. initial public offering so far in 2010.
Liberty Mutual Agency, the second-largest writer of property and casualty insurance distributed through independent agencies in the U.S., plans to sell 64.3 million Class A shares at $18 to $20 each, the Boston- based company said Monday in a filing with the Securities and Exchange Commission.
