Conseco Inc., of Carmel, Ihd, and Kemper Corp. on Monday announced a definitive merger agreement, under which Kemper accepted a $67-a-share offer Conseco made last week.

David B. Mathis, chief executive of Long Grove, Ill.-based Kemper, said in a prepared statement that the firm's board had unanimously approved the offer, and believed it to be "in the best interests" of shareholders.

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