Veradace Partners Issues Letter to Tiptree Shareholders Regarding the Proposed Sale of Fortegra to DB Insurance, Plans to Vote Against the Transaction, Calling It Unfair and Misaligned
Benzinga Newsdesk 11 months ago
M&ANewsGeneral
Transaction Appears Designed to Enable Tiptree Management to Extract Value from Shareholders While Running a Blank Check CompanyIntends to Vote AGAINST the Unfair Transaction, Which Is Structured to Benefit Tiptree
- Transaction Appears Designed to Enable Tiptree Management to Extract Value from Shareholders While Running a Blank Check Company
- Intends to Vote AGAINST the Unfair Transaction, Which Is Structured to Benefit Tiptree Management at the Expense of Tiptree Shareholders
- Urges the Tiptree Board of Directors to Restructure the Transaction and Deliver the $28.75 per Share Consideration Directly to Tiptree Shareholders, the True Owners of Fortegra