PSC Insurance Backs Ardonagh Takeover Offer

PSC Insurance Group Ltd. (AU:PSI) has released an update.

PSC Insurance Group Ltd. has confirmed that their recent financial results align with the Independent Expert’s opinion that the proposed $6.19 per share acquisition by The Ardonagh Group is in shareholders’ best interests, absent a better offer. The Board continues to recommend that shareholders vote in favor of the scheme, with directors also pledging to vote their shares in support. Shareholders are encouraged to review the financial results and vote in the upcoming Scheme Meetings, which can be attended either in person or online.

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