TIPTREE INC. (TIPT) Form 8-K — May 29, 2026
$TIPTForm 8-KItems 1.01, 1.02, 2.01, 8.01, 9.01Filed May 29, 2026, 4:03 PM ET0001393726-26-000034Original filing
Tiptree Inc. (TIPT) announced the closing of the sale of its subsidiary, The Fortegra Group, Inc., to DB Insurance Co., Ltd. for an aggregate closing purchase price of approximately $1.08 billion in cash. The transaction was originally valued at $1.65 billion, but adjustments for leakage, liquidation preferences, and an $8 million holdback reduced the net proceeds to Tiptree.
Key figures
- Deal Value Usd
- 1650000000
- Gross Proceeds
- 1080000000
- Leakage reserve holdback
- 8000000
- Pro forma book value per share
- 23.8
- Share repurchase authorization
- 20000000
Price after filing
1 day: 0.0%7 days: -4.2%30 days: -5.0%
Close on the filing date to close N calendar days later (from $18.24). Historical, not a forecast.
AI analysis
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