Ohio Casualty stock delisted following completion of merger with Liberty Mutual

By Lisa Kerner

Charlotte, N.C., Aug. 24 - Liberty Mutual Insurance Co. completed its acquisition of Ohio Casualty Corp. on Friday. As a result, Ohio Casualty's common stock will be delisted from the Nasdaq.

Following the completion of the merger, all of Ohio Casualty's board members resigned, including Stanley N. Pontius, Dan R. Carmichael, Terrence J. Baehr, Jack E. Brown, Catherine E. Dolan, Philip G. Heasley, Robert A. Oakley, Jan H. Suwinski, Ronald W. Tysoe and Michael L. Wright.

James F. Dore, Gary R. Gregg, Dennis J. Langwell and Christopher C. Mansfield became directors, according to an 8-K filing with the Securities and Exchange Commission.

Ohio Casualty shareholders approved the May 6 plan of merger with Liberty Mutual and Waterfall Merger Corp. in early August.

The companies' definitive agreement called for Liberty Mutual to acquire all outstanding shares of common stock of Ohio Casualty for $44 per share in a cash transaction valued at about $2.7 billion.

Boston-based Liberty Mutual Group is a diversified insurer and the sixth-largest property and casualty insurer in the United States.

Ohio Casualty is the holding company of the Ohio Casualty Insurance Co. and five other subsidiary insurance companies. The company's headquarters are in Fairfield, Ohio.

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