Simplify the following text for a Grade 7 native English-speaking person.
Original: Liberty Mutual agreed to acquire all outstanding shares of Safeco for $ 68.25 per share , for a total transaction price of approximately $ 6.2 billion .
Simplified: Liberty Mutual agreed to buy all outstanding shares of Safeco for $ 68.25 per share , for a total price of approximately $ 6.2 billion .