Scottish Re rescue voted through at EGM
Troubled life reinsurer Scottish Re has announced that its shareholder have approved a set of proposals relating to the investment by MassMutual Capital Partners and an affiliate of Cerberus Capital Management at an extraordinary general meeting that was held over the weekend in Bermuda.
Scottish Re said the approval of the proposals by the shareholders represents an important step in the closing of the transaction, which after receiving regulatory approval, will result in MassMutual
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