American Safety Shareholders Approve Merger
American Safety Insurance Holdings, Ltd. said that its shareholders approved the Agreement and Plan of Merger, dated June 2, 2013, as amended by Amendment No. 1 there to dated August 7, 2013, 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% of the outstanding shares voted at the Special General Meeting this morning, of which approximately 99.39% 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.
