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Stock impact report

Tiptree Announces Shareholder Approval of Proposed Merger of Fortegra and DB Insurance

Tiptree Inc. (TIPT) 
US:NASDAQ Investor Relations: tiptreefinancial.com
Company Research Source: Business Wire
GREENWICH, Conn.--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ: TIPT) (the “Company” or “Tiptree”) today announced that, at the Company’s Special Meeting of Shareholders (the “Special Meeting”), Tiptree shareholders approved the previously announced Agreement and Plan of Merger (the “Merger Agreement”) by and among Tiptree, The Fortegra Group, Inc. (“Fortegra”) and DB Insurance Co., Ltd. (“DB”), providing for the acquisition by DB of all of the outstanding stock of Fortegra in an all-cash deal by means of a merger of a wholly owned subsidiary of DB with and into Fortegra with Fortegra surviving as a wholly owned subsidiary of DB (the “Merger” and, such proposal, the “Merger Proposal”).According to the preliminary results, approximately 81% of votes cast at the Special Meeting by all shareholders were voted in favor of the Merger Proposal.“We appreciate the consideration and overwhelming support from our shareholders in approving the Merger Proposal,” said Michael G. Barnes, Executive Cha Show less Read more
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