重大事件即時報告 8-K 2026-07-01

Old Republic International完成收購ECM集團，折讓35%發行新股募資2500萬美元

AI 繁中摘要

Old Republic International（NYSE: ORI）於 2026 年 6 月 30 日公佈，Everett Cash Mutual Insurance Co.（ECM）會員特別會議已通過多項決議，包括 ECM 由相互保險公司轉換為股份公司（改名為 ECM Insurance Company），以及由 Old Republic 收購 ECM Insurance Company 及其附屬公司（統稱 ECM 集團）。此外，Old Republic 已完成向部分 ECM 會員、員工及非員工董事以現金認購方式發行普通股，共募集約 2,500 萬美元，認購價為每股 25.80 美元，較截至 2026 年 6 月 29 日的 10 個交易日成交量加權平均價 39.70 美元折讓 35.0%。根據轉換計劃，在 ECM 於 2026 年 7 月 1 日向賓夕法尼亞州務卿提交經修訂及重述的公司章程後，Old Republic 將交付最多約 95.6 萬股普通股（即發售最高股數），完成收購 ECM 集團。

Old Republic 總裁兼行政總裁 Craig R. Smiddy 表示：「我們很興奮迎接 ECM 集團及其員工與客戶加入 Old Republic。ECM 數十年來在商業農業市場建立雄厚聲譽，擁有深厚專業知識及嚴謹承保紀律，這些正是我們 specialty 策略的核心。我們期待携手在此基礎上創造更多機會。」是次收購將進一步擴展 Old Republic 在 specialty 保險（特別是農業領域）的業務版圖，有助分散風險組合及提升長期盈利穩定性。投資者應注意，發行新股會輕微攤薄現有股東權益，但折讓發售旨在吸引 ECM 利益相關者，有利順利整合。整體而言，交易體現管理層透過 strategic M&A 擴張 specialty 保險業務的決心，對股東價值屬正面信號。

展開英文正文

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newsreleasedatejune30202

NEWS RELEASE OLD REPUBLIC ANNOUNCES RESULTS OF THE SPECIAL MEETING OF MEMBERS OF EVERETT CASH MUTUAL INSURANCE CO. CHICAGO – June 30, 2026 – Old Republic International Corporation (NYSE: ORI) – today announced the results of the special meeting of the members of Everett Cash Mutual Insurance Co. (“ECM”) held this morning at which members approved, among other matters, the conversion of ECM from a mutual insurance company to a stock insurance company named ECM Insurance Company and the acquisition of ECM Insurance Company and its subsidiaries (the “ECM Group”) by Old Republic. In addition, Old Republic completed its offering of shares of its common stock for cash on a subscription basis to certain of the ECM members, employees, and non-employee directors. Old Republic received subscriptions of approximately $25 million through the sale of shares at a purchase price of $25.80 per share, which represented a 35.0% discount to the volume-weighted average trading price of $39.70 for the 10-trading day period ending June 29, 2026. Pursuant to the terms of the Plan of Conversion, upon the filing of ECM’s amended and restated articles of incorporation with the Secretary of State of the Commonwealth of Pennsylvania on July 1, 2026, Old Republic will deliver up to approximately 956 thousand shares of its common stock, which represents the maximum number of shares to be sold in the offering, and complete its acquisition of the ECM Group. Old Republic President & CEO Craig R. Smiddy commented, “We are excited to welcome the ECM Group and its employees and customers to Old Republic. ECM has built a strong reputation over many decades serving the commercial agricultural market with deep expertise and a commitment to disciplined underwriting. Those attributes are at the core of our specialty strategy, and we are excited about the opportunities ahead as we work together to build on that foundation.” About Old Republic Old Republic is a leading specialty insurer that operates diverse property & casualty and title insurance companies. Founded in 1923 and a member of the Fortune 500®, we are a leader in underwriting and risk management services for business partners across the United States and Canada. Our specialized operating companies o er significant expertise in their fields, enabling us to provide tailored solutions that set us apart. For more information, please visit www.oldrepublic.com. At Old Republic: At Financial Relations Board: Craig R. Smiddy: President and Chief Executive Officer Investors: Joe Calabrese/[email protected]