ProAssurance Corporation (PRA) announced that stockholders have voted overwhelmingly to approve its proposed acquisition by The Doctors Company.
Upon completion of the transaction, ProAssurance common stock will no longer be listed on the New York Stock Exchange.
ProAssurance will become a wholly owned subsidiary of The Doctors Company.
The transaction involving ProAssurance Corporation (PRA) is anticipated to close in the first half of 2026.
Ned Rand, President and Chief Executive Officer of ProAssurance, stated that their shareholders recognize this transaction will deliver significant value.
