shareholder approval News

Delaware Law to Allow Big Investors Greater Sway Over US Corporate Boards

Delaware is poised to adopt changes to its widely used corporate law that critics argue could weaken U.S. boards of directors in favor of influential investors such as private-equity firms. State lawmakers last week approved a bill that gives a …

American Family Merger with Main Street America Set to Go Into Effect Oct. 31

Madison, Wisconsin-based American Family Insurance Mutual Holding Co. announced its policyholder members have approved the company’s merger with Florida’s Main Street America Group Mutual Holdings Inc. More than 86 percent of votes cast by proxy or in person supported the …

Catlin, XL Agree to Takeover Terms

The Bermuda-based Catlin Group has published its acceptance of terms upon which XL Group plc will acquire Catlin in a “cash and share acquisition of the entire issued and to be issued share capital of Catlin by XL.” The announcement …