Third Point Secures 67% Shareholder Support for Malibu Life Re Acquisition

Third Point secures 67% shareholder support for Malibu Life Re acquisition

Third Point LLC (TPIL ), a New York-based alternative asset manager, has secured shareholder approval for its acquisition of Malibu Life Reinsurance SPC, a life and annuity reinsurance platform. The vote, which took place at the firm’s extraordinary general meeting (EGM), resulted in 67% of shareholders voting in favour of the proposed transaction. Rupert Dorey, Chairman of the Board of Third Point Investors Limited said: “Following extensive co…

Third Point declares victory in Malibu vote

Dan Loeb’s hedge fund Third Point Investors (TPOU) has won shareholder approval for its controversial acquisition of Malibu Life. At an extraordinary general meeting today, 66.67% of votes cast were in favour of the reverse takeover that will see the £329m global multi-asset fund become a player in the US fixed annuity market. However, a […]