Arch Capital Group Ltd. to Seek Shareholder Approval For Proposed Redomestication in Bermuda.Business Editors GREENWICH Greenwich, borough, Greater London, England Greenwich (grĭn`īj, grĕn`–), outer borough (1991 pop. 200,800) of Greater London, SE England, on the Thames River. Manufactures include telephone equipment and underwater cable. , Conn.--(BUSINESS WIRE)--September 8, 2000 Arch Capital Group Ltd. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ACGL ACGL Arch Capital Group Ltd. ACGL Automobile Corporation of Goa Limited ACGL Alternative County Government Law ) announced today that it has filed a registration statement and preliminary proxy material with the Securities and Exchange Commission regarding a reorganization, unanimously approved by the Company's Board of Directors, in which the Company would become a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of a Bermuda holding company and the stockholders of the Company would become the stockholders of the Bermuda holding company. The reorganization is subject to stockholder approval, certain governmental and regulatory consents and other customary conditions. This press release does not constitute an offer of any securities for sale. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion