Company: TIPT
Filing Date: 2025-10-17
Form Type: PREM14A
Source: 0001140361-25-038514
Chunk: 105

Company: TIPTREE INC.
Filing Date: 2025-10-17
Form: PREM14A
Chunk 105
---
 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. As described above in the section of this proxy statement entitled “The Merger—Background of the Merger” beginning on page 39, in reaching its recommendation that Tiptree stockholders vote for the Merger Proposal, the Tiptree Board consulted with Tiptree and Fortegra management, Barclays, Ropes & Gray and Sidley and considered a number of reasons, including the following non-exhaustive list of reasons (not included in any relative order of importance) that the Tiptree Board believes support its determination and recommendation:

| • | the Tiptree Board’s significant familiarity with and understanding of Fortegra’s business, operations, financial condition, earnings, prospects, competitive position and the nature of the industries in which Fortegra competes, including the risks and uncertainties inherent in Fortegra’s business; |

| • | the review by the Tiptree Board and Tiptree management of the historical financial performance of Fortegra; |

51

TABLE OF CONTENTS

| • | certain prospective forecasts for Fortegra prepared by senior management of Fortegra, which reflect an application of various commercial assumptions of Fortegra’s senior management; for further discussion, see the section of this proxy statement entitled “The Merger—Certain Unaudited Forecasted Financial Information” beginning on page63; |

| • | the risks to Tiptree’s business and results of operations from competition to Fortegra from other specialty insurance companies, standard insurance companies and underwriting agencies, as well as from diversified financial services companies that are larger than Fortegra and that have greater financial, marketing, personnel and other resources than Fortegra; |

| • | the fact that the Tiptree Board conducted a thorough review of strategic alternatives for Tiptree, including contacting 17 parties, receiving 4 unsolicited inquiries, having Fortegra execute 7 non-disclosure agreements, conducting multiple rounds of competitive bidding resulting in 2 preliminary bids, one from Company C, which ultimately withdrew from the process, as well as the Tiptree Board’s consideration and discussion with potential counterparties of a variety of alternative transactions, as described in the section of this proxy statement titled “Background of the Merger