On September 4, 2009, Shareholders of IPC Holdings, Ltd. ("IPCR") voted concerning the proposed merger with Validus Holdings, Ltd. ("VR"). The merger was approved and subsequently consummated. As a result, each existing IPCR Common Share will be converted into the right to receive .9727 VR Common Shares plus $7.50 Cash.
Cash will be paid in lieu of fractional VR shares.
This action will be coordinated with the Options Clearing Corporation.
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