Markel takeover wins State National shareholder clearance
State National shareholders have overwhelmingly approved the
company's $919mn takeover by Markel, with 96 percent of votes
cast in favour of the deal.
Out of 42,173,561 outstanding shares entitled to vote, about 86
percent voted in person or by proxy at a special meeting held on
Tuesday.
Of the votes cast, around 2 percent were voted against the deal,
while shareholders owning the remainder abstained.
Markelsealed its $919mn agreement to buy State National in a deal
worth $21.00 per...
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