Ohio Casualty Corporation Shareholders Approve Proposed Merger Transaction With Liberty Mutual
August 08 2007 - 8:30AM
Business Wire
The shareholders of Ohio Casualty Corporation (NASDAQ:OCAS) today
approved a proposal to adopt the Agreement and Plan of Merger dated
May 6, 2007 among Liberty Mutual Insurance Company, Waterfall
Merger Corp. and Ohio Casualty Corporation. The proposed
transaction is also subject to approval from the Departments of
Insurance in the states of Indiana and Ohio. Following these
approvals, it is anticipated that the transaction will close during
the third quarter 2007. Corporate Profile Ohio Casualty Corporation
is the holding company of The Ohio Casualty Insurance Company,
which is one of six property-casualty subsidiary companies that
make up Ohio Casualty Group, collectively referred to as
Consolidated Corporation. The Ohio Casualty Insurance Company was
founded in 1919 and is licensed in 49 states. Ohio Casualty Group
is ranked 50th among U.S. property/casualty insurance groups based
on net premiums written (Best�s Review, July 2007). The Group�s
member companies write auto, home and business insurance. Ohio
Casualty Corporation trades on the NASDAQ Stock Market under the
symbol OCAS and had assets of approximately $5.7 billion as of June
30, 2007.
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