Delphi Financial Announces Receipt of Regulatory Clearances and Expected Closing Date
07 Mayo 2012 - 8:27AM
Business Wire
Delphi Financial Group, Inc. (Delphi) (NYSE:DFG) announced today
that the Financial Services Agency of Japan has approved the merger
contemplated by the previously announced Agreement and Plan of
Merger dated December 21, 2011, among Delphi, Tokio Marine
Holdings, Inc. (TMHD) and TM Investment (Delaware) Inc., a
wholly-owned subsidiary of TMHD. The closing of the merger, which
remains subject to the satisfaction of other customary closing
conditions, is expected to occur on May 15, 2012.
Upon the closing of the merger, Delphi’s Class A stockholders
will receive $43.875 per share in cash in addition to a one-time
special dividend of $1.00 per share in cash. The special dividend,
which is contingent upon the closing of the merger, is payable to
Delphi stockholders of record immediately prior to the effective
time of the merger. The effective time of the merger is expected to
occur on May 15, 2012. Payment of the special dividend is expected
to occur on the business day following the closing of the
merger.
About Delphi Financial Group, Inc.:
Delphi Financial Group, Inc. is a financial services company
focused on specialty insurance and insurance-related businesses.
Delphi is a leader in managing all aspects of employee absence to
enhance the productivity of its clients and provides the related
group insurance coverages: long-term and short-term disability,
life, excess workers’ compensation for self-insured employers,
large casualty programs including large deductible workers’
compensation, travel accident, dental and limited benefit health
insurance. Delphi’s asset accumulation business emphasizes
individual annuity products. Delphi’s common stock is listed on the
New York Stock Exchange under the symbol DFG and its corporate
website address is www.delphifin.com.
Cautionary Statement Regarding Forward-Looking
Statements
Certain statements in this communication may constitute
“forward-looking statements.” Actual results could differ
materially from those projected or forecast in the forward-looking
statements. The factors that could cause actual results to differ
materially include those referred to in filings of Delphi Financial
Group, Inc. (“Delphi”) with the U.S. Securities and Exchange
Commission, as well as the following: operating costs, customer
loss and business disruption (including, without limitation,
difficulties in maintaining relationships with employees, customers
or suppliers) may be greater than expected following the
announcement of the transaction; the retention of certain key
employees at Delphi; the conditions to the completion of the
proposed transaction may not be satisfied; the parties may not be
able to meet expectations regarding the timing, completion and
accounting and tax treatments of the proposed transaction. Tokio
Marine Holdings, Inc. and Delphi assume no obligation, and
expressly disclaim any obligation, to update the information in
this communication, except as otherwise required by law. Readers
are cautioned not to place undue reliance on these forward-looking
statements that speak only as of the date hereof.
Delphi A (NYSE:DFG)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Delphi A (NYSE:DFG)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024