Meadowbrook Insurance Group, Inc. Announces Receipt of Regulatory Approval and Establishes...

Thursday July 24, 4:07 pm ET SOUTHFIELD, Mich., July 24 /PRNewswire-FirstCall/ -- Meadowbrook Insurance Group, Inc. (NYSE: MIG - News ) announced today that it has received all required regulatory approvals necessary to close its merger with ProCentury Corporation. In connection with the merger, the exchange ratio for ProCentury Corporation's common shares exchanged for Meadowbrook common stock in the merger will be 2.5000. The deadline for ProCentury Corporation's shareholders to submit their election forms relating to the merger consideration is 5:00 p.m., EDT on July 30, 2008. Election forms were mailed to shareholders of ProCentury Corporation on or about June 2, 2008 and, as described in the forms, such elections are subject to the allocation provisions set forth in the Merger Agreement. Shareholders of ProCentury... [read full story]