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Liberty Mutual Group Inc. Announces Extension of Consent Payment Deadline and Expiration Date for Consent Solicitation for the 2010 Safeco Notes
Posted by: gurufocus (IP Logged)
Date: December 15, 2008 06:07PM
Press Release: Liberty Mutual Group Inc. Announces Extension of Consent Payment Deadline and Expiration Date for Consent Solicitation for the 2010 Safeco Notes SAFE BULKERS is an international provider of marine drybulk transportation services transporting bulk cargoes particularly grain iron ore and coal along worldwide shipping routes for some of the world?s largest consumers of marine drybulk transportation services. SAFE BULKERS INC has a market cap of $212.01 million; its shares were traded at around $5.26 . The dividend yield of SAFE BULKERS INC stocks is 48.84%. More on SB: Gurus buys and sells of SB 10-year financial history of SB. Insider buys/sells of SB.
Holders of 2010 Safeco Notes who desire additional information about the consent solicitation should contact Global Bondholder Services Corporation, the information agent for the consent solicitation at (866) 540-1500. This news release is neither an offer to purchase nor a solicitation of an offer to sell any securities.
All statements in this press release that are not based on historical fact are "forward-looking statements." While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements.
Furthermore, the ability to complete the consent solicitation referred to in this press release is dependent on the state of the markets at the time of the consent solicitation, and the acceptability of the terms of the consent solicitation to the holders of the 2010 Safeco Notes. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. We disclaim any intention to, and undertake no obligation to, update or revise any forward-looking statements contained in this press release.
About Liberty Mutual
LMG, through its subsidiaries and affiliated companies, offers a wide range of property-casualty insurance products and services to individuals and businesses alike. In 2001 and 2002, the Company formed a mutual holding company structure, whereby the three principal mutual insurance companies, Liberty Mutual Insurance Company, Liberty Mutual Fire Insurance Company and Employers Insurance Company of Wausau, each became separate stock insurance companies under the ownership of Liberty Mutual Holding Company Inc.
Functionally, the Company conducts its business through four strategic business units: Personal Markets, Commercial Markets, Agency Markets and International. Each business unit operates independently of the others and has dedicated sales, underwriting, claims, actuarial, financial and certain information technology resources. Management believes this structure allows each business unit to execute its business strategy and/or to make acquisitions without impacting or disrupting the operations of the Company's other business units.
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