Midwest Holding Inc. has announced that its shareholders have approved the previously announced merger agreement whereby an affiliate of international investment firm Antarctica Capital will acquire Midwest.
At a special meeting of stockholders it was decided that the merger will take place for $27.00 per share in cash.
According to the final results from the Special Meeting, approximately 69% of the outstanding shares voted in favour of the transaction.
This represents more than 99% of the votes cast.
Midwest will file the final, certified voting results with the U.S. Securities and Exchange Commission on a Form 8-K.
The transaction is expected to close in the second half of 2023, subject to certain customary closing conditions, including the receipt of remaining insurance regulatory approvals.
Antarctica Capital is an international investment firm headquartered in New York with assets under management of approximately $1.5 billion as of December 31, 2022.
