Hub, a leading North American insurance brokerage firm providng a broad array of property and casualty, reinsurance, life and health, employee benefits, investment and risk management products and services, is traded on both the New York Stock Exchange and the Toronto Stock Exchange. If the court approves the plan, and all closing condition are met, Hub expects the deal to close by or around June 13.
The plan of arrangement was approved by 92.7% of the votes cast by all shareholders at the meeting and by 91.9% of the votes cast by disinterested shareholders, which excludes members of management who have committed to make an investment in an affiliate of the entity that is acquiring Hub.