Ohio Casualty (NASDAQ:OCAS)
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Ohio Casualty Corporation (NASDAQ:OCAS) announced today that it will
Webcast its Annual Meeting of Shareholders. The meeting will be held at
10:30 a.m. May 16, 2007, in the Ohio Casualty University Auditorium at
the Corporate Headquarters, 9450 Seward Road, Fairfield, Ohio. The
meeting will be hosted by Chief Executive Officer Dan R. Carmichael and
Lead Director Stan Pontius. Among the business items for this year's
meeting are the election of three directors, approval of the annual
incentive plan for executive officers, and ratification of the
appointment of independent public accountants.
On May 7, Ohio Casualty Corporation announced that it has entered into a
definitive agreement pursuant to which Liberty Mutual Group will acquire
all outstanding shares of common stock of Ohio Casualty for $44.00 per
share in cash. This transaction is expected to be completed in third
quarter of 2007, subject to shareholder and other customary approvals
and conditions. The Liberty Mutual transaction is not on the agenda for
the May 16 Annual Meeting, and discussion of the transaction will
necessarily be limited pending filing of proxy material. Ohio Casualty
shareholders should receive proxy material in 6-8 weeks and will be
asked to vote to approve the transaction soon afterwards at a date yet
to be determined.
The meeting is being Webcast by Vcall and can be accessed at Ohio
Casualty Corporation's Website at www.ocas.com.
The Webcast is also being distributed over PrecisionIR’s
Investor Distribution Network to both institutional and individual
investors. Investors can listen to the call through PrecisionIR’s
Webcast site at www.InvestorCalendar.com
or by visiting any of the investor sites in PrecisionIR’s
Investor Network. The Webcast will be available for replay through June
17, 2007. To access the archived event, visit www.InvestorCalendar.com.
Corporate Profile
Ohio Casualty Corporation is the holding company of The Ohio Casualty
Insurance Company, which is one of six property-casualty subsidiary
companies that make up Ohio Casualty Group, collectively referred to as
Consolidated Corporation. The Ohio Casualty Insurance Company was
founded in 1919 and is licensed in 49 states. Ohio Casualty Group is
ranked 50th among U.S. property/casualty insurance groups based on net
premiums written (Best’s Review, July
2006). The Group’s member companies write
auto, home and business insurance. Ohio Casualty Corporation trades on
the NASDAQ Stock Market under the symbol OCAS and had assets of
approximately $5.7 billion as of March 31, 2007.
Additional information and where to find it
This communication may be deemed to be solicitation material in respect
of the proposed transaction. In connection with the proposed
transaction, a proxy statement of Ohio Casualty and other materials will
be filed with the SEC. WE URGE INVESTORS TO READ THE PROXY STATEMENT AND
THESE OTHER MATERIALS CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE THEY
WILL CONTAIN IMPORTANT INFORMATION ABOUT OHIO CASUALTY CORPORATION AND
THE PROPOSED TRANSACTION. Investors will be able to obtain free copies
of the proxy statement (when available) as well as other filed documents
containing information about Ohio Casualty on the SEC's website at http://www.sec.gov.
Free copies of Ohio Casualty's SEC filings are also available from Ohio
Casualty Corporation, 9450 Seward Road, Fairfield, Ohio 45014,
Attention: Investor Relations.
Participants in the Solicitation
Ohio Casualty and its executive officers, directors, other members of
management, employees and Liberty Mutual may be deemed, under SEC rules,
to be participants in the solicitation of proxies from Ohio Casualty's
shareholders with respect to the proposed transaction. Information
regarding the executive officers and directors of Ohio Casualty is set
forth in its definitive proxy statement for its 2007 annual meeting
filed with the SEC on April 4, 2007. More detailed information regarding
the identity of potential participants, and their direct or indirect
interests, by securities holdings or otherwise, will be set forth in the
proxy statement and other materials to be filed with the SEC in
connection with the proposed transaction.