ALLSTATE CORP FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Statements and Exhibits
Item 1.01. Entry into a Material Definitive Agreement.
On November 26, 2021, Allstate Insurance Company ("Seller"), an indirect wholly
owned subsidiary of The Allstate Corporation (the "Registrant"), entered into a
definitive Purchase and Sale Agreement (the "Purchase Agreement") with DPIF3
Acquisition Co LLC, an affiliate of Dermody Properties (the "Purchaser"), to
sell the Registrant's existing headquarters at 2675, 2700, 2755, 2775, and 3075
Sanders Road, Northbrook, Illinois (the "Property"), for $232 million (the
"Purchase Price"). The sale is expected to be completed in 2022, subject to (i)
the completion of due diligence, (ii) a Purchaser contingency relating to
governmental approvals with respect to the entitlements for the Property and
certain economic or tax incentives, and (iii) satisfaction of customary closing
The foregoing description is qualified in its entirety by reference to the
Purchase Agreement, a copy of which is attached to this Current Report on Form
8-K as Exhibit 10.1 and is incorporated herein by reference.
Item 7.01. Regulation FD Disclosure.
The Registrant's press release dated November 29, 2021, announcing entry into
the Purchase Agreement, is attached hereto as Exhibit 99.1 and is incorporated
herein by reference. The press release is furnished and not filed, pursuant to
Instruction B.2 of Form 8-K.
Item 9.01. Financial Statements and Exhibits.
Exhibit No. Description
10.1 Purchase and Sale Agreement, dated November 26 , 2021, by
and between Allstate Insurance Company and DPIF3 Acquisition Co
99.1 Registrant's press release dated November 29, 2021.
104 Cover Page Interactive Data File (formatted as inline XBRL).