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DGAP-News: NFG Sarl Announces Investment from Her Highness Sheika Salama Bint Sultan Bin Zayed Al Nahyan

Retrieved on: 
Monday, July 11, 2022

LONDON, UK / ACCESSWIRE / July 11, 2022 / NFG SARL ("NFG"), a global diversified investment holding company focused on insurance, private equity and finance announced today that it has entered into an agreement with Two S Holding Sole Proprietorship LLC ("TSH"), the family office of Her Highness Sheikha Salama Bint Sultan Bin Zayed Al Nahyan for an equity investment.

Key Points: 
  • LONDON, UK / ACCESSWIRE / July 11, 2022 / NFG SARL ("NFG"), a global diversified investment holding company focused on insurance, private equity and finance announced today that it has entered into an agreement with Two S Holding Sole Proprietorship LLC ("TSH"), the family office of Her Highness Sheikha Salama Bint Sultan Bin Zayed Al Nahyan for an equity investment.
  • While financial terms of the transaction are not being disclosed the investment will provide TSH with an equity stake in NFG.
  • Previously, Her Highness Sheikha Salama was appointed as the Non-Executive Chairperson of the NFG Board.
  • Keith D. Beekmeyer, Chief Executive Officer of NFG commented "We are pleased with this investment by TSH following Her Highness's appointment to our board.

ITACO Launches Multi-Billion Dollar Arbitration Against Vietnam

Retrieved on: 
Wednesday, July 6, 2022

HOUSTON, July 05, 2022 (GLOBE NEWSWIRE) -- Tan Tao Investment & Industry Corporation ("ITACO"), a public company chaired by Dr. Maya Dangelas, launched a billion-dollar arbitration proceeding against Vietnam under the Agreement between the United States and the Socialist Republic of Vietnam on Trade Relations (the "Treaty") pursuant to the 1976 UNCITRAL Rules (the "Arbitration").

Key Points: 
  • HOUSTON, July 05, 2022 (GLOBE NEWSWIRE) -- Tan Tao Investment & Industry Corporation ("ITACO"), a public company chaired by Dr. Maya Dangelas, launched a billion-dollar arbitration proceeding against Vietnam under the Agreement between the United States and the Socialist Republic of Vietnam on Trade Relations (the "Treaty") pursuant to the 1976 UNCITRAL Rules (the "Arbitration").
  • Dr. Dangelas elaborated:
    "The Arbitration follows from a series of attacks by the then Prime Minister Nguyen Tan Dung and the Vietnamese corrupted system against my companies such as ITACO.
  • ITACO's industrial parks have drawn thousands of foreign investors to Vietnam and transformed many areas of Vietnam by providing jobs and utilities to local citizens.
  • "A billion dollar thermal power plant of Tan Tao Group is about to be 'wiped out'", Dan Tri, 4 October 2017.

Independence Holding Company Announces Completion of Merger

Retrieved on: 
Tuesday, February 15, 2022

STAMFORD, Conn., Feb. 15, 2022 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE: IHC) (the Company) today announced the completion of the merger (the Merger) of the Company with Geneve Acquisition Corp., a Delaware corporation (Merger Sub) and indirect wholly-owned subsidiary of Geneve Holdings, Inc., a Delaware corporation (Geneve), pursuant to the previously announced Agreement and Plan of Merger (the Merger Agreement), dated November 9, 2011, by and among the Company, Geneve and Merger Sub.

Key Points: 
  • STAMFORD, Conn., Feb. 15, 2022 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE: IHC) (the Company) today announced the completion of the merger (the Merger) of the Company with Geneve Acquisition Corp., a Delaware corporation (Merger Sub) and indirect wholly-owned subsidiary of Geneve Holdings, Inc., a Delaware corporation (Geneve), pursuant to the previously announced Agreement and Plan of Merger (the Merger Agreement), dated November 9, 2011, by and among the Company, Geneve and Merger Sub.
  • As a result of the Merger, the Company became an indirect wholly-owned subsidiary of Geneve.
  • Stockholders of the Company that hold shares in street name will receive the Merger Consideration in their brokerage or similar accounts.
  • Independence Holding Company (NYSE: IHC), through our current subsidiaries, distributes Medicare, life, under age 65 health (including Affordable Care Act plans), and other insurance products direct to consumers, via agents and through affinity partnerships.

Independence Holding Company Declares Dividends in Connection With Potential Going-Private Transaction

Retrieved on: 
Friday, February 4, 2022

Independence Holding Company (NYSE: IHC), through our current subsidiaries, distributes Medicare, life, under age 65 health (including Affordable Care Act plans), and other insurance products direct to consumers, via agents and through affinity partnerships.

Key Points: 
  • Independence Holding Company (NYSE: IHC), through our current subsidiaries, distributes Medicare, life, under age 65 health (including Affordable Care Act plans), and other insurance products direct to consumers, via agents and through affinity partnerships.
  • In connection with the potential going-private transaction, the Company has filed relevant materials with the SEC, including a Definitive Proxy Statement and Rule 13e-3 Transaction Statement.
  • The Company and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of the Company in connection with the potential going-private transaction under the rules of the SEC.
  • These documents are available free of charge at the SEC web site (www.sec.gov) and from the Secretary of the Company at the address described above.

Independence Holding Company Receives Preliminary Non-Binding Going-Private Offer

Retrieved on: 
Monday, August 30, 2021

The Board of Directors of the Company formed a Special Committee of independent directors to consider the proposal and to review, evaluate, negotiate and approve or disapprove the proposal and alternatives.

Key Points: 
  • The Board of Directors of the Company formed a Special Committee of independent directors to consider the proposal and to review, evaluate, negotiate and approve or disapprove the proposal and alternatives.
  • The consummation of the Transaction is also conditioned upon the consummation of the pending sales of Independence American Holdings Corp. and Standard Security Life Insurance Company of New York.
  • Independence Holding Company (NYSE: IHC), through our current subsidiaries, underwrites and distributes health, group disability and life, New York State DBL and paid family leave, and pet insurance.
  • IHC underwrites policies in all 50 states, Washington D.C., Puerto Rico and the U.S. Virgin Islands through our three carriers: Independence American Insurance Company, Standard Security Life Insurance Company of New York (Standard Security Life) and Madison National Life Insurance Company, Inc. (Madison National Life).