Majestic Capital Terminates Merger Agreement with Bayside Capital - Surety Bond Forums

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03-21-2011, 11:42 AM

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Majestic Capital Terminates Merger Agreement with Bayside Capital

Bermuda-based Majestic Capital Ltd. announced that Bayside Capital Partners LLC* has terminated the previously announced merger agreement with Majestic Capital. In its termination notice, Bayside cited a material deterioration in Majestic Capital’s capital surplus, an inability to secure regulatory approval …

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