Clearing House Advisory Notices
To | Clearing Member Firms
From | CME Clearing
Subject | Corporate Events; Shareholders of Philadelphia Consolidated Holding Corp. (PHLY)
Notice Date | 2008-12-02
Notice Number | 08-377
Effective Date | 2008-12-02
On October 23, 2008, Shareholders of Philadelphia Consolidated Holding Corp. (PHLY) voted concerning the proposed merger with Tokio Marine Holdings, Inc. The merger was approved and subsequently consummated on December 1, 2008. As a result, each existing PHLY Common Share will be converted into the right to receive $61.50 net cash per share. This action will be coordinated with the Options Clearing Corporation. For the full text of this advisory...