Max, IPC sweeten deal with dividends (Dealscape

Reinsurers Max Capital Group Ltd. and IPC Holdings Ltd. agreed late Thursday to sweeten their proposed $912 million merger with a payment of two cash dividends to IPC shareholders if they approve the deal.

One dividend of $1.50 per share is payable to IPC shareholders of record June 15, and another $1 a share is payable after the deal closes, giving IPC shareholders an additional $2.50 per share.

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NOT A SUBSCRIBER? Max, IPC sweeten deal with dividends Posted on June 5, 2009 3:48 PM Reinsurers Max Capital Group Ltd. and IPC Holdings Ltd. agreed late Thursday to sweeten their proposed $912 million merger with a payment of two cash dividends to IPC shareholders if they approve the deal. One dividend of $1.50 per share is payable to IPC shareholders of record June 15, and another $1 a share is payable after the deal closes, giving IPC shareholders an additional $2.50 per share. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 908 in-depth reports of M&A deals in the Financial Services sector 42 company pages related to Reinsurance 24 articles related to IPC Holdings Ltd. 22 articles related to Max Capital Group Ltd. 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Skadden Arps Idearc Inc. Deutsche Bank Amusement parks Deb Shops Windstream Corp. Concho Resources Hanna Andersson Tween Brands Edward Bastian		EXISTING USERS Username Password Forget your password? Missing a product?

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