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Third Point Investors Limited shareholders approve Malibu acquisition, statement says
LONDON, Aug 14 (Reuters) - Shareholders of Third Point Investors Limited have voted in favour of a deal that will see the fund acquire Malibu Life Reinsurance SPC, a statement said on Thursday.
Billionaire Daniel Loeb proposed in May to transform his Third Point Investors Limited into a reinsurance fund that would invest in the fixed annuity market in the U.S.
The fund change is designed to address a valuation discount TPIL has to Loeb's New York-based hedge fund Third Point.
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