Best on October 19, 2012 and is in response to some of the remedial actions taken by MIGI
since its third quarter earnings announcement and reserve charge.
On April 10, 2001, the United States District Court for the Southern District of Indiana, Indianapolis Division, dismissed a lawsuit brought by MIGI
shareholder, Gregory M.
The motion asserts that, in agreeing to the merger agreement between Meridian Insurance Group and MIGI Acquisition Corp.
Lastly, that the merger agreement entered into by Meridian Insurance Group and MIGI Acquisition Corp.
is a holding company principally engaged in the property and casualty insurance business through its wholly owned subsidiaries, Meridian Security Insurance Company, Meridian Citizens Security Insurance Company, and Insurance Company of Ohio (ICO).
MIGI also announced that its Board of Directors met on September 21, 2000 and unanimously recommended that MIGI's shareholders reject the amended offer.
Oman, President and Chief Executive Officer of MIGI is sending a letter to the shareholders on behalf of the Board of Directors summarizing the reasons for the Board's recommendation not to tender any of their shares.
1% of the fully diluted shares of MIGI when consolidated with Shepard's current stockholdings.
Oman, President and Chief Executive Officer of MIGI sent a letter to the shareholders on behalf of the Board of Directors summarizing the reasons for the Board's recommendation not to tender any of their shares.
The Board concluded that, since these shareholders collectively hold a majority of MIGI shares, the likelihood of success of the tender offer is questionable.