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Stock Market & Financial Investment News

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December 7, 2012
09:36 EDTTWGPTower Group says proxy materials for Canopius merger under review by SEC
Tower’s preliminary proxy materials continue to be under review by the Securities and Exchange Commission and, accordingly, the approval of the merger by Tower stockholders will not occur in 2012. In addition to the approval of Tower’s stockholders, the merger remains subject to obtaining the regulatory approval of governmental and market authorities. Tower Group now expects the consummation of its previously announced merger with Canopius Holdings Bermuda Limited to occur in 1Q13.
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