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Letter to the Editor
Monday October 1
Frontier Adjusters of America, Inc. Completes Cash-Out Merger to Become Private Company
PHOENIX -- Frontier Adjusters of America, Inc. has announced that at a special meeting of its shareholders, a proposal was approved by a vote of approximately 75 percent of all the outstanding shares of the company, with 82 percent of the outstanding shares voting, to merge the company in a cash out merger. All outstanding shares in the hands of the public will be exchanged for $1.58 per share.
Shareholders will receive a Letter of Exchange in the mail from U.S. Stock Transfer Corporation, the Company's stock transfer agent, or from their broker, with detailed instructions of how to receive their cash payment.
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