Is Lemonade's Upcoming Acquisition of Metromile Good News for Investors?

·2-min read

On Nov. 8, Lemonade (NYSE: LMND) announced that it would be acquiring Metromile (NASDAQ: MILE) in an all-stock transaction that's expected to close in the first half of 2022. In this segment of Backstage Pass, recorded on Nov. 12, Fool contributors Toby Bordelon and Jon Quast respond to a member's question about the terms of the upcoming deal. Toby Bordelon: Another quick question, [from] "Tax Guy": What are my thoughts on Lemonade's deal being in stock rather than cash?

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