Security Capital Corporation (AMEX: SCC) ("Security Capital" or the "Company") announced today that it has completed its previously announced merger with Sedgwick CMS Holdings, Inc. As a result of the merger, Security Capital's Class A Common Stock will no longer be listed on the American Stock Exchange. Under the terms of the merger, Security Capital stockholders are entitled to receive $16.46 in cash per share of Security Capital Common Stock and Class A Common Stock. Security Capital stockholders will shortly receive a letter of transmittal with instructions informing them how to send their shares of Security Capital Common Stock and Class A Common Stock to the paying agent to receive the merger consideration. Additional details relating to the transaction are set forth in Security Capital's proxy statement that was previously mailed to shareholders and that are available at the SEC's website, www.sec.gov. Security Capital operates as a holding company that actively participates in the management of its subsidiaries. The Company conducts business through its wholly owned subsidiary CompManagement, Inc. ("CompManagement"). CompManagement is a leading independent provider of comprehensive claims management, cost containment and consulting services designed to control the cost to employers of workers' compensation, medical malpractice, automobile, general liability, unemployment and short- and long-term disability insurance benefits. CompManagement's activities are primarily centered in Ohio, California, Virginia, Maryland, Texas, Michigan, Florida, Washington, Minnesota and New York. Sedgwick CMS is the parent company of Sedgwick Claims Management Services, Inc., a leading provider of innovative claims and productivity management solutions. The principal equity holders of Sedgwick CMS are Fidelity National Financial, Inc. (NYSE: FNF), Thomas H. Lee Partners, L.P. and Evercore Capital Partners. Forward-Looking Statement This press release contains "forward-looking" statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based upon management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described in the forward-looking statements. Such factors and uncertainties include, but are not limited to: future legislative changes which could impact the laws governing workers' compensation and medical malpractice insurance in the various states in which the Company's employer cost containment and health services segment operates, the Company's ability to enhance its existing services and successfully introduce and market new services, new service developments by the Company's competitors, market acceptance of new services of both the Company and its competitors, competitive pressures on prices, and the ability to attract and retain qualified personnel, interest rates.
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