Endurance To Hold Meeting About Acquisition
Bermuda-based Endurance Specialty Holdings has scheduled a special general meeting of its shareholders to seek approval for the acquisition of 100% of the outstanding ordinary shares of Endurance by SOMPO Holdings, Inc.
“The Endurance special general meeting will be held on Friday, January 27, 2017, at 9:00 a.m. [Atlantic Time] at Endurance’s offices at Waterloo House, 100 Pitts Bay Road, Pembroke HM 08, Bermuda,” the company said.
“Holders of Endurance ordinary shares and 6.35% non-cumulative preferred shares, Series C of record as of the close of business on December 28, 2016, will be entitled to vote as a single class at the Endurance special general meeting.
“The proxy statement will provide voting instructions as well as detailed information for shareholders about the acquisition. Endurance expects to commence mailing the proxy statement to its shareholders on or about January 4, 2017.
“The acquisition is subject to customary closing conditions, including Endurance shareholder approval and approval of applicable regulatory authorities. It is currently expected that the acquisition will be consummated in the first quarter of 2017.
“Endurance shareholders who need assistance voting should contact Innisfree M&A Incorporated at: 501 Madison Ave., New York, NY 10022, [888] 750-5834.”
