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Provider: Wright Reports
Provider: MacroRisk Analytics/EconomicInvestor
Provider: Pechala's Reports
Provider: Pechala's Reports

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Care Investment Trust Inc And Tiptree Financial Partners, L.P., Announces Business Combination Date

Monday, 31 Dec 2012 07:00am EST 

Care Investment Trust Inc announced that Tiptree Financial Partners, L.P., a diversified financial services holding company that currently owns 90.8% of Care, announced that they have entered into an agreement to combine their businesses into a financial services operating company that will hold and manage both companies' assets and operate each company's businesses. Care and Tiptree have signed a contribution agreement pursuant to which each company will contribute substantially all assets to Tiptree Operating Company, LLC, a newly-formed Delaware limited liability company (the Operating Subsidiary). Care and Tiptree will own proportionate interests in the Operating Subsidiary. At closing, Care will change name to Tiptree Financial Inc. and will remain a public company. The Company intends to seek a listing of common stock on a national securities exchange, but is under no obligation to do so. 

Company Quote

0.15 +1.92%
19 Dec 2014