Company: TIPT
Filing Date: 2025-10-17
Form Type: PREM14A
Source: 0001140361-25-038514
Chunk: 106

Company: TIPTREE INC.
Filing Date: 2025-10-17
Form: PREM14A
Chunk 106
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” beginning on page39; |

| • | the likelihood, based on the extensive strategic review process conducted by Tiptree and Fortegra and Barclays and BofA Securities, that there would be no other parties that would most likely be willing to make an offer in excess of Purchaser’s offer if Tiptree and Fortegra did not enter into the Merger Agreement; |

| • | the fact that there were numerous reports in the media speculating on the existence and developments with respect to the process in the months leading up to the date on which the Merger Agreement was signed, which gave any interested potential counterparties who were not contacted by Barclays and BofA Securities an opportunity to inquire about the process; |

| • | the fact that the Tiptree Board held numerous meetings and met regularly to discuss and evaluate strategic alternatives potentially available to Tiptree, as discussed in more detail in the section of this proxy statement entitled “Background of the Merger” beginning on page39, and each member of the Tiptree Board was actively engaged in the process on a regular basis; |

| • | the Tiptree Board’s belief that the consideration to be received by Tiptree upon the consummation of the Merger would allow Tiptree to continue to focus on allocating capital to select small and middle market companies with the mission of building long-term value by seeking new acquisition opportunities, engaging in opportunistic stock repurchases, and/or dividends; |

| • | the amount of the consideration to be received by Tiptree upon the consummation of the Merger pursuant to the terms of the Merger Agreement; |

| • | the Tiptree Board’s belief that Purchaser’s offer represented the best value to Tiptree as a holder of Fortegra common stock on a time- and risk-adjusted basis as compared to the other strategic options considered by Tiptree and Fortegra management and their advisors, including the feasibility and likely consequences of implementing those alternatives; |

| • | the likelihood of the satisfaction of the conditions to closing and the consummation of the Merger and the other transactions contemplated by the Merger Agreement in light of the fact that the Merger Agreement was designed to provide substantial certainty that the Merger would be consummated on a timely basis; |

| • | the financial analysis and opinion, dated as of September 26, 2025, of Barclays to the Fortegra Board that, as of the date of such opinion and based upon and subject to the qualifications,