North Pointe shareholders to decide merger on April 10

By Lisa Kerner

Charlotte, N.C., March 7 - North Pointe Holdings Corp. will hold a special meeting of its shareholders on April 10 at 9 a.m. ET for the purpose of approving the company's merger agreement with QBE Holdings, Inc., a subsidiary of QBE Insurance Group Ltd.

The record date for the meeting is March 7, according to a schedule 13D filing with the Securities and Exchange Commission.

The acquisition, if approved, is expected to close shortly after the special meeting, a company news release stated.

In January, North Pointe agreed to be acquired by Sydney, Australia-based QBE Holdings in a cash transaction valued at $146 million, or some $16 per share.

North Pointe is a property and casualty insurer located in Southfield, Mich.

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