XL shareholders approve AXA’s $15.3bn offer

Mike McGavick, CEO of XL Group

XL’s shareholders have approved the $15.3bn all-cash offer from AXA to buy the Bermudian firm. The deal is now expected to complete in the second half of this year but is still subject to regulatory approval. XL Group’s chief executive officer, Mike McGavick, said: “We are pleased with our shareholders’ vote of confidence in supporting all matters, including the AXA…

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