Tiptree Inc. today announced that, at the Company’s Special Meeting of Shareholders, Tiptree shareholders approved the previously announced Agreement and Plan of Merger (the “Merger Agreement”) by and among Tiptree, The Fortegra Group, Inc. (“Fortegra”) and DB Insurance Co., Ltd. (“DB”), providing for the acquisition by DB of all of the outstanding stock of Fortegra in an all-cash deal by means of a merger of a wholly owned subsidiary of DB with and into Fortegra with Fortegra surviving as a wholly owned subsidiary of DB. According to the preliminary results, approximately 81% of votes cast at the Special Meeting by all shareholders voted in favor of the Merger Proposal.
“We appreciate the consideration and overwhelming support from our shareholders in approving the Merger Proposal,” said Michael G. Barnes, Executive Chairman of Tiptree. “This transaction represents a significant milestone in Tiptree’s 18 years of value-creation and we are committed to continuing our strong track record of creating long-term shareholder value.”
Tiptree still expects to close the Merger in mid-2026, subject to customary closing conditions, including the receipt of required regulatory approvals. The final voting results of the Special Meeting will be reported in a Form 8-K filed by Tiptree with the U.S. Securities and Exchange Commission (the “SEC”).
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