SOUTHFIELD, Mich., July 24 /PRNewswire-FirstCall/ -- Meadowbrook Insurance
Group, Inc. (NYSE: MIG) announced today that it has received all required
regulatory approvals necessary to close its merger with ProCentury
Corporation.
In connection with the merger, the exchange ratio for ProCentury
Corporation's common shares exchanged for Meadowbrook common stock in the
merger will be 2.5000.
The deadline for ProCentury Corporation's shareholders to submit their
election forms relating to the merger consideration is 5:00 p.m., EDT on July
30, 2008. Election forms were mailed to shareholders of ProCentury
Corporation on or about June 2, 2008 and, as described in the forms, such
elections are subject to the allocation provisions set forth in the Merger
Agreement. Shareholders of ProCentury Corporation who have questions may call
the Information Agent, The Altman Group, at (800) 499-6377.
The closing on the transaction is scheduled for July 31, 2008.
About Meadowbrook Insurance Group
A leader in the specialty program management market, Meadowbrook is a risk
management organization, specializing in alternative risk management solutions
for agents, professional/trade associations, and small to medium-sized
insureds. Meadowbrook Insurance Group, Inc. common shares are listed on the
New York Stock Exchange under the symbol 'MIG'. For further information,
please visit Meadowbrook's corporate web site at www.meadowbrook.com .
SOURCE Meadowbrook Insurance Group, Inc.
