The Midland Company, a provider of specialty insurance products and services, announced that at the Company's special meeting of shareholders the shareholders approved the pending merger agreement, providing for the acquisition of Midland by Munich Re through its subsidiary, Munich- American Holding Corporation. Under terms of the agreement, Midland shareholders will receive $65.00 per share in cash. The transaction is expected to close on or about April 3, 2008, after the satisfaction of certain remaining conditions. John Hayden, Midland president and chief executive officer, said that the new relationship with Munich Re represents a great opportunity for Midland.Monday, March 24, 2008
Midland Co. Shareholders Back Deal with Munich Re
The Midland Company, a provider of specialty insurance products and services, announced that at the Company's special meeting of shareholders the shareholders approved the pending merger agreement, providing for the acquisition of Midland by Munich Re through its subsidiary, Munich- American Holding Corporation. Under terms of the agreement, Midland shareholders will receive $65.00 per share in cash. The transaction is expected to close on or about April 3, 2008, after the satisfaction of certain remaining conditions. John Hayden, Midland president and chief executive officer, said that the new relationship with Munich Re represents a great opportunity for Midland.
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