Bristol West stockholders approve acquisition

By Lisa Kerner

Charlotte, N.C., June 21 - Bristol West Holdings, Inc. stockholders voted "overwhelmingly" in favor of the company's acquisition by Farmers Group, Inc. and its subsidiary BWH Acquisition Co. at a special meeting held on Thursday.

Roughly 99.9% of the shares that were voted approved the deal, according to a company news release.

Bristol West shareholders will receive $22.50 per share in cash in a transaction valued at $712 million.

Farmers Group and Bristol West announced their agreement on March 2.

Bristol West, a property and casualty insurer based in Davie, Fla., will be the surviving corporation.

Los Angeles-based Farmers Group is a property and casualty insurer and a wholly owned subsidiary of Zurich Financial Services Group.

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