Doma Enters Into Agreement To Go Private At $6.29 Per Share In Cash, Plans To Merge With TRG
Doma Holdings Inc has entered into an agreement to go private at $6.29 per share in cash and plans to merge with TRG. Doma's underwriting division, Doma Title Insurance, is expected to be renamed Doma Technology. Upon closing of the transaction, Doma will no longer be traded or listed on any public securities exchange. Doma may solicit alternative acquisition proposals from third parties during a 50-day "go-shop" period.
March 28 (Reuters) - Doma Holdings Inc (DOMA.N) :
DOMA ENTERS INTO AGREEMENT TO GO PRIVATE AT PRICE OF $6.29 PER SHARE IN CASH; PLANS TO MERGE WITH AN INDUSTRY LEADER TRG TO CREATE ATTRACTIVE SCALE OPPORTUNITIES
DOMA HOLDINGS - DOMA HOLDINGS, INC. ANNOUNCED THAT IT HAS ENTERED INTO A DEFINITIVE AGREEMENT AND PLAN OF MERGER WITH TITLE RESOURCES GROUP
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- DOMA’S UNDERWRITING DIVISION, DOMA TITLE INSURANCE EXPECTED TO BE RENAMED DOMA TECHNOLOGY
TRANSACTION IS NOT SUBJECT TO A FINANCING CONDITION
DOMA HOLDINGS : DOMA TECHCO WOULD CONTINUE TO HAVE ACCESS TO UNDERWRITING SERVICES AND CONTINUED TECHNOLOGY DEPLOYMENT FOR DOMA TITLE INSURANCE, INC
UPON CLOSING OF TRANSACTION, DOMA WILL NO LONGER BE TRADED OR LISTED ON ANY PUBLIC SECURITIES EXCHANGE.
DOMA HOLDINGS - CO MAY SOLICIT ALTERNATIVE ACQUISITION PROPOSALS FROM THIRD PARTIES DURING A 50-DAY “GO-SHOP” PERIOD FOLLOWING DATE OF EXECUTION OF DEAL
