Tag: Berkshire Hathaway
MLMIC is pleased to report that it has prepared and distributed a Policyholder Information Statement to Record Date Policyholders with detailed information about the proposed conversion and acquisition by National Indemnity Company, a subsidiary of Berkshire Hathaway Inc.
A public hearing has been scheduled by the NYS Superintendent of Financial Services to consider the Plan of Conversion adopted by MLMIC’s Board of Directors.
We are pleased to report the latest progress on the sponsored demutualization transaction with National Indemnity Company (the Sponsor), a subsidiary of Berkshire Hathaway Inc. (BHI).
On February 23, 2018, MLMIC and Berkshire Hathaway agreed to an acquisition price. Completion of the acquisition is expected in the third quarter of 2018.