Company: TIPT
Filing Date: 2025-10-17
Form Type: PREM14A
Source: 0001140361-25-038514
Chunk: 83

Company: TIPTREE INC.
Filing Date: 2025-10-17
Form: PREM14A
Chunk 83
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 100% of Fortegra for approximately $1.125 billion. This indication of interest was disclosed to members of the Tiptree Board and members of the Fortegra Board. In response to the indication of interest, members of Tiptree management informed representatives of Company A that Tiptree’s valuation of Fortegra was significantly higher than the value set forth in the indication of interest, and no further discussions with Company A followed.

On September 6, 2024, members of Fortegra management and representatives of Purchaser held an introductory meeting as part of Purchaser’s planned visit to the United States to meet with a number of U.S. insurance industry participants and investment banks. Following this meeting, members of Fortegra management requested that the parties enter into a non-disclosure agreement.

On September 9, 2024, members of Tiptree management held an introductory meeting with representatives of a strategic company in the insurance business (“Company C”) at which publicly available information of Tiptree and Fortegra was discussed. The meeting was organized by Company C’s financial advisor for Company C to learn more about Tiptree and Fortegra and for members of Tiptree management to learn more about Company C.

On September 27, 2024, Fortegra and Purchaser entered into a non-disclosure agreement, which did not contain a standstill provision, in connection with Purchaser’s exploration of entering into a potential business arrangement with Fortegra.

On October 1, 2024, Tiptree met with a SPAC (“SPAC A”) to discuss a possible business combination with Fortegra. On October 3, 2024, Tiptree entered into a non-disclosure agreement, which did not include a standstill provision, with SPAC A. On October 10, 2024, Tiptree provided SPAC A with access to certain diligence materials.

On October 15, 2024, Tiptree entered into a non-disclosure agreement, which did not include a standstill provision, with Company B, and Company B provided Tiptree with access to certain diligence materials, including an illustrative transaction analysis, and held calls with members of Tiptree management on October 16, 2024 to discuss a potential transaction involving Tiptree or Fortegra.

On October 16, 2024, Fortegra provided Purchaser with access to certain diligence materials.

On October 17, 2024, members of Tiptree management met with representatives of Barclays to discuss strategic