American Safety Insurance Shareholders Okay Merger With Fairfax

(RTTNews) - American Safety Insurance Holdings Ltd. (ASI) said Monday its shareholders approved the merger agreement among the company, Fairfax Financial Holdings Limited (FFH.TO, FFH_U.TO) and Fairfax Bermuda Holdings Ltd. and the merger of the company with Fairfax Bermuda Holdings Ltd.

Pursuant to the terms of the merger, the company's shareholders will receive $30.25 for each share of the company's common stock. About 84.48% of the outstanding shares voted at the Special General Meeting this morning, of which approximately 99.39% voted in favor of the deal.

The deal remains subject to receipt of certain regulatory approvals and is expected to close early in the fourth quarter of 2013.