Business
Intact Financial Corporation and Tryg A/S Expect to Close Acquisition of RSA Insurance Group plc on June 1, 2021
Intact Financial Corporation and Tryg A/S Expect to Close Acquisition of RSA Insurance Gr...
About this update from Intact Financial Corporation
[{"type":"text","content":"\n \n \n \n Intact Financial Corporation and Tryg A/S Expect to Close Acquisition of RSA Insurance Group plc on June 1, 2021\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP-COLOR:; VERTICAL-ALIGN: TOP; BORDER-LEFT-COLOR:; BORDER-BOTTOM-COLOR:; PADDING-LEFT:0.50em; BORDER-RIGHT-COLOR:; PADDING-RIGHT:0.50em\n}\n.prnbcc{\nBORDER-TOP-COLOR:; BORDER-COLLAPSE: COLLAPSE; BORDER-LEFT-COLOR:; BORDER-BOTTOM-COLOR:; BORDER-RIGHT-COLOR:\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n PREVIOUSLY RELEASED IN THE UK\n \n \n \n \n TORONTO\n \n ,\n \n May 6, 2021\n \n \n /CNW/ -\n \n Intact Financial Corporation (TSX: IFC) (\"Intact\" or the \"Company\") announced today that all required anti-trust and regulatory approvals for the acquisition (the \"Acquisition\") of RSA Insurance Group plc (\"RSA\"), to be carried out by the Company together with Tryg A/S (CPH: TRYG), have now been received.\n \n \n The High Court of Justice in\n \n England\n \n and\n \n Wales\n \n in\n \n London\n \n must now formally approve the transaction at a court hearing. This hearing is scheduled for\n \n May 25, 2021\n \n . Upon approval, the Acquisition is expected to close on\n \n June 1, 2021\n \n .\n \n \n \n Anticipated Timetable to Completion\n \n \n \n \n \n \n \n \n \n Event\n \n \n \n \n \n \n \n \n Time (GMT+1) and/or date\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Scheme Court Hearing\n \n \n \n \n \n \n May 25, 2021\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Re-registration of RSA as a private limited\n \n company\n \n \n \n \n \n \n By May 28, 2021\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Last day for dealings in, and for the\n \n registration of transfer of, RSA Shares\n \n \n \n \n \n \n May 28, 2021\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Scheme Record Time\n \n \n \n \n \n \n May 28, 2021 at 6:30 p.m.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Disablement of CREST in respect of RSA\n \n Shares\n \n \n \n \n \n \n May 28, 2021 at 6:30 p.m.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Suspension of dealings in RSA Shares\n \n ...