Homeowners Choice, Inc. Drops Effort To Acquire 21st Century Holding Company
November 4, 2009 |
| Homeowners Choice, Inc. announced that its proposal to merge with 21st Century Holding Company expired on November 2, 2009, and it has ended for now its efforts to effect the merger. The proposal, publicly disclosed on October 13, 2009, was an offer by Homeowners Choice of $1.00 in cash and one-half share of Homeowners Choice common stock for each share of 21st Century common stock. 21st Century announced its rejection of the proposed offer on October 29, 2009. |
21st Century Holding Company Rejects Homeowners Choice, Inc.'s Acquisition Proposal; Announces $4 Million Stock Buyback Program
October 29, 2009 |
| 21st Century Holding Company announced that its Board of Directors, has unanimously determined that the unsolicited proposal by Homeowners Choice, Inc. to acquire all outstanding shares of 21st Century common stock for approximately $5.30 per share in cash and stock is wholly inadequate and not in the best interest of 21st Century's shareholders. 21st Century also announced that its Board of Directors has unanimously approved a stock repurchase program that authorizes the purchase by 21st Century in the open market, from time to time, of up to $4 million worth of 21st Century's common stock. |
Homeowners Choice, Inc. Makes $40.7 Million Offer To 21st Century Holding Company-DJ
October 13, 2009 |
| Dow Jones reported that Homeowners Choice, Inc. said that it is offering $40.7 million for 21st Century Holding Company. The offer is $1 plus one-half share of Homeowners for each share of 21st Century common stock. That would value each share at $5.08. |
21st Century Holding Company Declares Regular Quarterly Dividend
September 3, 2009 |
| 21st Century Holding Company announced that the Board of Directors, have declared a regular quarterly dividend of $0.06 per common share payable on December 1, 2009, to shareholders of record as of November 2, 2009, at its regular quarterly meeting. |
21st Century Holding Company Appoints Michael H. Braun As President-Form 8-K
June 4, 2009 |
| 21st Century Holding Company reported in its Form 8-K that Michael H. Braun has been appointed to serve as President of the Company. |
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