The shareholders of insurer and reinsurer Endurance Specialty Holdings Ltd. are set to vote on the company’s $6.3 billion takeover by Sompo Holdings on January 27th 2017, the company has announced.
The proposed merger agreement between the two firms was first announced in October 2016, and the shareholders vote date was announced in a definitive proxy statement, released December 29th, 2016.
According to the announcement, all shareholders on the register as of December 28th 2016 will be invited to vote on the $93 per-share offer.
“The approval of the merger proposal requires the affirmative vote of a majority of the votes cast by holders of ordinary shares and preferred shares, voting as one class, at the special general meeting or any adjournment thereof in accordance with Endurance’s bye-laws,” explains Endurance.
