American Physicians Capital, Inc. to Discontinue
Quarterly Cash Dividend and Share Repurchase
July 09, 2010 08:35 AM Eastern Daylight Time
EAST LANSING, Mich.--(EON: Enhanced Online News)--American Physicians Capital, Inc. (APCapital)
(NASDAQ:ACAP) announced yesterday in a press release that it has entered into a definitive agreement pursuant to
which The Doctors Company will acquire APCapital for $41.50 per share in cash. The press release and the
definitive merger agreement were filed with the U. S. Securities and Exchange Commission as exhibits to
APCapital’s Form 8-K. The terms of the merger agreement prohibit APCapital from paying dividends or
repurchasing its shares without the prior consent of The Doctors Company. APCapital currently does not intend to
seek permission to pay any further cash dividends to its shareholders or to continue its share repurchase program.
About American Physicians Capital Inc.
American Physicians Capital, Inc. is a regional provider of medical professional liability insurance focused primarily in
the Midwest and New Mexico markets through American Physicians Assurance Corporation and its other
subsidiaries. Further information about the companies is available on the Internet at http://www.apcapital.com.
American Physicians Capital, Inc.
Ann Storberg, Investor Relations