American Safety Insurance Holdings Ltd. said its shareholders approved the merger plan between the company with Fairfax Bermuda Holdings Ltd.
Under the terms, the company’s shareholders will receive $30.25 for each share of the company’s common stock. Approximately 84.48 percent of the outstanding shares voted at the meeting this morning, of which approximately 99.39 percent voted in favor of the merger, according to American Safety.
The transaction remains subject to receipt of certain regulatory approvals and is expected to close early in the fourth quarter of 2013.
Topics Oklahoma
Was this article valuable?
Here are more articles you may enjoy.
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
Portugal Deadly Floods Force Evacuations, Collapse Main Highway 
What Analysts Are Saying About the 2026 P/C Insurance Market 
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
