Followers | 241 |
Posts | 12213 |
Boards Moderated | 3 |
Alias Born | 04/05/2009 |
Thursday, February 09, 2017 10:22:18 AM
As previously announced, Fidelity & Guaranty Life, a Delaware corporation (NYSE: FGL; the “Company”), is a party to an Agreement and Plan of Merger (as amended on November 3, 2016, the “Merger Agreement”, and the merger contemplated thereby, the “Merger”), with Anbang Insurance Group Co., Ltd., a joint-stock insurance company established in the People’s Republic of China (“Anbang”), AB Infinity Holding, Inc., a Delaware corporation and a wholly-owned subsidiary of Anbang (“Parent”), and AB Merger Sub, Inc., a Delaware corporation and a newly formed, wholly-owned subsidiary of Parent (“Merger Sub”). Pursuant to the Merger Agreement, either Parent or the Company could have terminated the agreement if the closing of the Merger had not occurred on or prior to February 8, 2017 (the “Outside Termination Date”).
On February 9, 2017, the Company entered into Amendment No. 2 to Agreement and Plan of Merger (“Amendment No. 2”) with Anbang, Parent and Merger Sub by extending the Outside Termination Date from February 8, 2017 to April 17, 2017. Under the terms of Amendment No. 2, the Outside Termination Date will be further extended to May 31, 2017 in the event that the Iowa Insurance Commissioner has, on or prior to April 17, 2017, publicly noticed a public hearing for the “Form A” change of control approval required by the Iowa Insurance Division. The Company and Anbang continue to work to close the Merger, subject to satisfaction or waiver of all required closing conditions. Amendment No. 2 further permits the Company to solicit, respond to, evaluate and negotiate any competing offers, provided that the Company is not permitted to enter into a definitive agreement with respect to any such competing offers during the extension period. There can be no assurance that this process will result in an alternative proposal.
https://www.sec.gov/Archives/edgar/data/1585064/000119312517035438/d326196d8k.htm
"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International
Recent FGL News
- Founder Group Secures Conditional Letter of Award Worth Approximately US$68 Million for a 100MW Solar Farm in Malaysia • GlobeNewswire Inc. • 12/04/2024 01:33:00 PM
- Founder Group Expands Southeast Asia Presence With Proposed Acquisition of Vietnam-Based Renewable Energy Company • GlobeNewswire Inc. • 11/25/2024 01:30:00 PM
- Founder Group Secures Multiple Contracts Worth Approximately US$5.5 Million • GlobeNewswire Inc. • 11/11/2024 02:29:28 PM
- Founder Group Limited Announces USD$3.8 million New Solar EPCC Photovoltaic Contract • GlobeNewswire Inc. • 11/01/2024 12:30:00 PM
- Founder Group Limited Announces Closing of Initial Public Offering • GlobeNewswire Inc. • 10/24/2024 08:00:00 PM
- VCI Global Completes Founder Group Limited’s IPO on Nasdaq, Records US$5.2 Million in Revenue • GlobeNewswire Inc. • 10/24/2024 11:33:00 AM
- Founder Group Limited Announces Pricing of Initial Public Offering • GlobeNewswire Inc. • 10/23/2024 03:02:13 AM
Avant Technologies' Partner, Ainnova, Signs Pilot Program with Roche to Combat Diabetic Retinopathy • AVAI • Dec 4, 2024 8:00 AM
North Bay Resources Commences Fran Gold Winter Ore Shipment to Bishop Gold Mill, California • NBRI • Dec 2, 2024 9:07 AM
VAYK Reached Agreement on Terms to Acquire $1 Million Company for Disruptive Airbnb Strategy • VAYK • Dec 2, 2024 9:00 AM
ILUS Announces Completion of QIND Acquisition by Fusion Fuel (NASDAQ: HTOO) • ILUS • Nov 27, 2024 12:35 PM
Cannabix Technologies Receives Positive Testing Certification for Breath Logix Autonomous Alcohol Breathalyzer • BLO • Nov 26, 2024 8:48 AM
BioQuest, Inc. and BotMakers Expand AI Marketing Services with SpeedLeads XL and MarketScope XL. Bioquest Corp. and BotMakers, Inc. are Partnered to Expand AI Marketing Services with SpeedLead XL and MarketScope XL • BQST • Nov 26, 2024 8:00 AM