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CF Corp. shareholders OK Fidelity & Guaranty Life deal


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CF Corp. shareholders OK Fidelity & Guaranty Life deal

CF Corp. shareholders approved the company's pending acquisition of Fidelity & Guaranty Life for about $1.84 billion.

No shareholders elected to have their public shares redeemed in connection with the transaction, which is expected to close in the fourth quarter.

After the transaction closes, CF Corp. will change its name to FGL Holdings. Chinh Chu and William Foley II will continue to serve as co-executive chairmen. Christopher Littlefield, Eric Marhoun and Dennis Vigneau, who are members of Fidelity & Guaranty Life's management team, will join FGL Holdings as executive officers.