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: TechAgreements

Max And Ipc Agree To Amend Terms of Merger To Include Cash Consideration

By TechAgreements

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Hamilton, Bermuda – June 4, 2009 –Max Capital Group Ltd. (NASDAQ: MXGL; BSX: MXGL BH) today announced that it and IPC Holdings, Ltd. (NASDAQ:IPCR) have agreed to pay two cash dividends that deliver $2.50 per share to IPC shareholders following the closing of the IPC-Max merger. The first being $1.50 per share in cash payable to IPC shareholders of record as of June 15, 2009, and an additional...

Full post as published by TechAgreements on June 05, 2009 (boomark / email).

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