Company: TIPT
Filing Date: 2025-10-31
Form Type: DEFM14A
Source: 0001140361-25-039949
Chunk: 103

Company: TIPTREE INC.
Filing Date: 2025-10-31
Form: DEFM14A
Chunk 103
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2025, to the Fortegra Board to the effect that, as of such date, and based upon and subject to the qualifications, limitations, assumptions and other matters stated in Barclays’ opinion, the aggregate consideration of $1,650,000,000 in cash in the Merger is fair, from a financial point of view, to the holders of Fortegra common stock. Following further discussion, the Fortegra Board unanimously approved the Merger and the other transactions contemplated by the Merger Agreement. Immediately following the meeting of the Fortegra Board, the Tiptree Board held a meeting attended by members of Tiptree management and representatives of Ropes & Gray, Sidley, Venable LLP, Maryland counsel to Tiptree (“Venable”), and Barclays. At the meeting, in addition to further discussing the matters discussed at the immediately preceding meeting of the Fortegra Board, the Tiptree directors reviewed other potential value-maximizing alternatives that had been considered at both the Fortegra and Tiptree levels. A representative of Venable provided an overview of the duties of Tiptree’s directors in the context of a transfer of assets under Maryland law. A representative of Tiptree management then reviewed with the Tiptree directors certain financial metrics in connection with the Merger and the other transactions contemplated by the Merger Agreement. Following further discussion, and in light of the reasons considered, the Tiptree Board unanimously (i) determined that the Merger and the other transactions contemplated by the Merger Agreement are advisable and in the best interests of Tiptree and its stockholders; (ii) approved the execution and delivery of the Merger Agreement by Tiptree and the consummation of the Merger and the other transactions contemplated by the Merger Agreement; (iii) directed that the Merger and the other transactions contemplated by the Merger Agreement be submitted for consideration at a meeting of Tiptree’s stockholders; and (iv) resolved to recommend that the stockholders of Tiptree approve the Merger and the other transactions contemplated by the Merger Agreement. On September 25, 2025, Eastern Time, and September 26, 2025, Korea Standard Time, the parties jointly announced the transaction. Tiptree Board’s Recommendation and Reasons for the Merger The Tiptree Board recommends that Tiptree stockholders vote (i) “ FOR” the Merger Proposal and (ii) “ FOR” the proposal to approve one or more adjournments of the special meeting, if necessary