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Stock Market & Financial Investment News

News Breaks
December 20, 2012
16:22 EDTPLFEPresidential Life Corporation holders approve merger agreement Athene Annuity
Presidential Life announced that Presidential's stockholders, at a special meeting of stockholders held earlier, approved the proposal to adopt the previously announced agreement and plan of merger, dated July 12, as amended from time to time, among Athene Annuity & Life Assurance, Eagle Acquisition, wholly-owned subsidiary of Athene, and Presidential. Of the shares voted at the special meeting, approximately 98.61% were voted in favor of the adoption of the Merger Agreement, which represented approximately 60.2% of the total outstanding shares of common stock of Presidential as of the November 8, record date. A quorum of approximately 61.05% of Presidential's total outstanding shares of common stock as of the record date were voted by proxy or in person.
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