Definity Financial Corp. (TSE:DFY) has released an update.
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Definity Financial Corporation has initiated a shareholder rights plan, aligning with strategies seen in other Canadian public companies, subject to shareholder approval at the upcoming annual meeting on May 17, 2024. If not ratified within six months, the plan will be discontinued. Definity, a major player in Canada’s property and casualty insurance market, reports over $4.0 billion in 2023 gross premiums and $2.8 billion in shareholder equity.
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