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Fidelity & Guaranty’s buyer to list on NYSE


CF Corp., which in May announced plans to merge with Des Moines-based Fidelity & Guaranty Life, said Monday that it intends to transfer its stock listing from the Nasdaq Capital Market to the New York Stock Exchange after the completion of the $1.84 billion transaction later this year. Upon completion of the merger, which is subject to approval by the Iowa Insurance Division, FGL will become a wholly owned, indirect subsidiary of CF Corp., which will change its name to FGL Holdings. The ordinary shares and warrants of FGL Holdings are expected to commence trading on the NYSE the day after the closing of the business combination under the symbols “FG” and “FG WS,” respectively. CF Corp.’s Class A ordinary shares and warrants will continue to trade on Nasdaq until the transfer is complete. “We are pleased to be continuing our progress towards the previously announced combination with FGL, said Chinh Chu, co-founder of CF Corp., in a release. “We look forward to building on the company’s premier insurance platform to accelerate growth and value creation for shareholders.” CF Corp. previously has said that Fidelity & Guaranty’s headquarters will remain in Des Moines and continue under the present management team led by CEO Chris Littlefield.

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