PSC shareholders vote for Ardonagh merger

The transaction is expected to close around 11 October.

The Ardonagh Group announced that shareholders of PSC Insurance Group Limited have voted in favour of Ardonagh's proposed acquisition. The acquisition is expected to enhance Ardonagh's global presence in retail, specialty, and wholesale broking markets.

The deal remains subject to approval by the Federal Court of Australia, with a hearing scheduled for 1 October. The transaction is expected to close around 11 October.