Continental shareholders approve merger with CNA.NEW YORK--(BUSINESS WIRE)--May 9, 1995--The Continental Corporation (NYSE NYSE See: New York Stock Exchange :CIC CIC circulating immune complexes. CIC Circulating immune complexes. See Immune complexes. ) announced that its shareholders approved the merger with CNA Financial CNA Financial Corporation (NYSE: CNA) is a financial corporation based in Chicago, Illinois, United States, and noted for its 600 foot tall red headquarters building there. Its principal subsidiary, Continental Casualty Company (CCC) was founded in 1897. Corporation pursuant to which Continental's shareholders will receive a cash payment of $20 per share. It is expected that the transaction will close on May 10, 1995. Continental shareholders approved the merger at a special meeting held today at the company's headquarters in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . The merger required a two thirds affirmative vote of the total number of shares outstanding as of record on March 27, 1995. CONTACT: The Continental Corporation Martin L. Frimet, 212/440-7741 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion