W. R. Berkley Corporation Confirms Mitsui Sumitomo Insurance Co. Intends to Purchase 15% of the Company's Shares in Open Market or Private Transactions From Third Parties
MSI also entered into a voting arrangement with a company that is owned by the Berkley family and trusts for their benefit, which holds approximately 16% of the Company's outstanding Common Stock
W. R. Berkley Corporation (NYSE:WRB) (the "Company") today confirmed that Mitsui Sumitomo Insurance Co., Ltd. ("MSI"), a leading Japanese property and casualty insurance carrier, has entered into an arrangement (the "Investment and Voting Arrangement") with a company owned by members of the Berkley family and trusts for their benefit (collectively, the "Berkley Family") providing for MSI to purchase 15% of the Company's outstanding common stock (the "Common Stock") through open market purchases or
