Tower Group (TWGP) Shareholders Approve Acquisition of CastlePoint (CPHL)
Up)
Tower Group, Inc. (NASDAQ: TWGP) announced that its stockholders authorized during a special meeting the issuance of shares of Tower common stock to shareholders of CastlePoint Holdings, Ltd. (NASDAQ: CPHL) in connection with the merger of CastlePoint into a wholly-owned subsidiary of Tower.
Tower stockholders cast 19,640,144 votes in favor of the issuance of shares of Tower common stock to CastlePoint shareholders which represents 99.6% of the votes cast and 84.1% of the shares outstanding. The proposed merger was announced August 5, 2008.
Tower Group, Inc. offers property and casualty insurance products and services through its operating subsidiaries. [SM]
Tower stockholders cast 19,640,144 votes in favor of the issuance of shares of Tower common stock to CastlePoint shareholders which represents 99.6% of the votes cast and 84.1% of the shares outstanding. The proposed merger was announced August 5, 2008.
Tower Group, Inc. offers property and casualty insurance products and services through its operating subsidiaries. [SM]
You May Also Be Interested In
- Dollar Thrifty (DTG) Shares Spike Higher as Hertz (HTZ) Could Make an Offer
- China Investment may nab $2B stake in Alibaba - Reuters
- CVR Energy (CVI) Hires Jefferies for Sale Process
Create E-mail Alert Related Categories
Mergers and AcquisitionsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
