Brief: Tiptree Inc Enters Agreement To Merge With Tiptree Financial Partners

Tiptree

10/04/2018 21:38

April 10 (Reuters) - Tiptree Inc  TIPT.O :
    * TIPTREE - ON APRIL 9, TIPTREE INC. ENTERED INTO AN
AGREEMENT AND
PLAN OF MERGER WITH TIPTREE FINANCIAL PARTNERS, L.P. - SEC
FILING
    * TIPTREE INC - UNDER DEAL, TFP WILL MERGE WITH AND INTO
TIPTREE
WITH TIPTREE CONTINUING AS SURVIVING COMPANY
    * TIPTREE INC - IN CONNECTION WITH REORGANIZATION MERGER,
TIPTREE
CANCELED 6.9 MLN SHARES OF CLASS B COMMON STOCK
    * TIPTREE INC - AFTER REORGANIZATION MERGER, TFP WILL CEASE
TO
EXIST AND TIPTREE WILL OWN 100% OF TIPTREE OPERATING COMPANY
    * TIPTREE - UNDER DEAL, CO CANCELED EXISTING WARRANT OWNED
BY TFP
TO BUY 652,500 TIPTREE CLASS A COMMON STOCK AT EXERCISE PRICE OF
$11.33 PER SHARE
    * TIPTREE INC - IN CONNECTION WITH DEAL, ALSO CANCELED
EXISTING
WARRANTS TO BUY TFP UNITS EXCHANGEABLE FOR 2.3 MLN TIPTREE CLASS
A SHARES IN AGGREGATE

Source text: (https://bit.ly/2EAoVCI)
Further company coverage:  TIPT.O 

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