We are delighted about this acquisition, and welcome the HIVT shareholders and policyholders into our Penn Treaty family," commented PTAC President and Chief Executive Officer Irving Levit.
Everyone at HIVT is extremely pleased with the consummation of this merger," said HIVT President John W.
The completion of the acquisition is subject to certain conditions including negotiation and execution of a definitive agreement and approval of the transaction by HIVT
shareholders and appropriate regulatory authorities.
The completion of the merger is subject to a number of conditions including negotiation and execution of a definitive merger agreement, approval of the transaction by HIVT shareholders and approval of the transaction by appropriate regulatory authorities.
I am very pleased that we have entered into a letter of intent on a merger with Penn Treaty," said HIVT Chairman, Robert S.