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Stock impact report

W. R. Berkley Corporation Has Been Informed That Mitsui Sumitomo Insurance Co. Has Acquired Beneficial Ownership of At Least 12.5% of the Company’s Shares Pursuant to Previously Announced ...

W.R. Berkley Corporation (WRB) 
Last w.r. berkley corporation earnings: 4/21 04:10 pm Check Earnings Report
US:NYSE Investor Relations: wrberkley.com/investor-relations.aspx
Company Research Source: Business Wire
GREENWICH, Conn.--(BUSINESS WIRE)--W. R. Berkley Corporation (NYSE: WRB) (the “Company”) today announced that the Company has been informed by representatives of Mitsui Sumitomo Insurance Co., Ltd. (“MSI”), a leading Japanese property and casualty insurance carrier, that MSI has acquired beneficial ownership of at least 12.5% of the Company’s outstanding common stock (the “Common Stock”) pursuant to MSI’s previously announced agreements with a company owned by members of the Berkley family and trusts for their benefit (collectively, the “Berkley Family”). None of MSI’s shares were purchased from the Berkley Family or the Company.Under the agreements with the Berkley Family, MSI’s shares will be voted pursuant to the recommendations of the Berkley Family, except in limited circumstances where the MSI shares will be voted in the same proportion as all of the non-MSI shares are voted.The Company has been informed by representatives of MSI that they expect to complete their investment Show less Read more
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