Core Viewpoint - The proposed sale of Fortegra by Tiptree Inc. to DB Insurance has led to divided opinions among proxy advisory firms, setting the stage for a contentious shareholder vote on December 3rd [1][5]. Group 1: Transaction Details - DB Insurance, South Korea's second-largest non-life insurer, plans to acquire 100% of Fortegra's outstanding shares for approximately $1.65 billion in cash [2]. - The transaction is subject to approval by Tiptree stockholders, regulatory clearance, and other customary closing conditions [2]. Group 2: Proxy Advisory Firms' Recommendations - Institutional Shareholder Services Inc. (ISS) has recommended that stockholders vote "FOR" the proposed deal, citing a competitive sales process and the exploration of alternative transaction structures [3][4]. - Conversely, Glass, Lewis & Co. and Egan-Jones Ratings Company have recommended that shareholders vote against the proposed sale, indicating concerns over the sales process and potential value destruction [5][6]. Group 3: Shareholder Perspectives - Tiptree's board unanimously recommends that stockholders vote "FOR" the merger proposal, emphasizing the importance of every vote [5]. - Veradace Partners L.P., holding 5.1% of Tiptree's outstanding common stock, argues that the sale process was flawed and rushed, suggesting that it was designed to benefit management rather than shareholders [6][8]. Group 4: Financial Implications - Concerns have been raised regarding a sharp post-announcement share price decline and potential tax leakage amounting to hundreds of millions of dollars [7]. - Tiptree management has not provided a clear plan for returning nearly $1 billion in transaction proceeds to shareholders, raising further doubts about the transaction's value [7].

RT Ale𝕏andra Merz 🇺🇲 (@TeslaBoomerMama)Here is a fair warning to State Street:We will know your 2025 vote only end of August 2026, but that is plenty of time before the next shareholder vote for your ETF investors to take action just as we did with Schwab.So give this another deep thought before you vote tomorrow.@StateStreet@StateStreetETFs@StateStreetIM ...

The fundamental issue is that half of all publicly-traded shares are controlled by passive index funds who, for the most part, outsource their shareholder vote to the advisory firms of ISS and Glass Lewis.ISS and Glass Lewis have no actual ownership themselves and often vote along random political lines unrelated to shareholder interests! This is a major problem that is not just limited to Tesla.For example, they recommend voting against re-electing one of our excellent longstanding directors, Ira Ehrenprei ...

There were a number of proposals uh on this topic, shareholder proposals on this topic. Uh we are putting it on the ballot uh as we would do for any proposals that come in from uh shareholders that meet the criteria uh in order to be eligible to be put on the ballot. Uh and so uh we are letting shareholders vote on whether or not we should invest in XAI. Um and then the company will uh and the board will take that into our into account in our deliberations whether it's a positive or or a negative um vote on ...

Big corporate news today. Craft Hinds announcing it is splitting into two companies undoing the merger originally envisioned by Warren Buffett. Becky Quick just off the phone with Buffett and joins us now with the details.Becky. Hey Sarah. Hey Carl.It's good to see both of you. Obviously what Bergkshire Hathaway thinks about this is a pretty big deal because Bergkshire Hathaway is the largest shareholder in Craft Hind. It owns 27 and a half% of that company.Well, if you're wondering what uh Buffett and Berg ...