American Safety Insurance Holdings, Ltd.'s shareholders approved an agreement and plan of merger among the company, Fairfax Financial Holdings Limited, and Fairfax Bermuda Holdings, Ltd., and the merger of the company with Fairfax Bermuda Holdings, Ltd.
Pursuant to the terms of the merger, 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 special general meeting, of which approximately 99.39 percent voted in favor of the merger. The transaction remains subject to receipt of certain regulatory approvals and is expected to close early in the fourth quarter of 2013.
Learn more: www.asih.bm.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].