Company: TIPT
Filing Date: 2025-10-31
Form Type: DEFM14A
Source: 0001140361-25-039949
Chunk: 93

Company: TIPTREE INC.
Filing Date: 2025-10-31
Form: DEFM14A
Chunk 93
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 parties continued to discuss Purchaser’s plan for additional due diligence, and on May 29, 2025, Ropes & Gray, Latham and Sidley Austin LLP (“Sidley”), outside insurance counsel to Tiptree and Fortegra, held a call to discuss the April 27 Issues List. During that discussion, Ropes & Gray communicated that, in light of the significant number and scope of outstanding issues, a full markup of the Merger Agreement from Purchaser would be required to engage in a productive discussion of the terms of the Merger Agreement. On the same day, Ropes & Gray shared an initial draft of the disclosure schedules to the Merger Agreement with Latham.

On May 30, 2025, members of Tiptree management held a meeting with representatives of Barclays. At the meeting, Barclays presented alternatives for raising capital at Tiptree for Tiptree to repurchase the WP Investor’s interest in Fortegra and other alternatives to maximize value at Tiptree.

From June 2 through June 4, 2025, members of Fortegra management held additional in-person due diligence meetings with representatives of Purchaser in Jacksonville, Florida.

On June 3, 2025, members of Tiptree management called representatives of Company A to ask if Company A would be interested in participating in the Fortegra sale process, but representatives of Company A declined.

On June 4, 2025, members of Tiptree management and representatives of the Family Office held additional discussions regarding a possible transaction involving an acquisition of Tiptree, an acquisition of Fortegra or an investment in Tiptree to fund the repurchase of the WP Investor’s interest in Fortegra.

On June 5, 2025, Tiptree and Company A held discussions in connection with a possible transaction involving an acquisition of Tiptree, an acquisition of Fortegra or an investment in Tiptree to fund the repurchase of the WP Investor’s interest in Fortegra.

Also on June 5, 2025, Tiptree and the Family Office entered into a non-disclosure agreement, which did not contain a standstill provision, in connection with a possible transaction involving an acquisition of Tiptree, an acquisition of Fortegra or an investment in Tiptree to fund the repurchase of the WP Investor’s interest in Fortegra.

On June 9, 2025, Tiptree met with representatives of a publicly traded holding company to discuss, based on publicly available information, a potential transaction for