8-KOther Events

TRAVELERS COMPANIES, INC. 8-K Report (Apr 1, 2004)

Filed April 1, 2004For Securities:TRV

Summary

This 8-K filing from The St. Paul Travelers Companies, Inc. (formerly The St. Paul Companies, Inc.) officially announces the closing of its merger with Travelers Property Casualty Corp. effective April 1, 2004. The transaction was structured as a merger of Travelers Property Casualty Corp. with a subsidiary of The St. Paul Companies, Inc., resulting in Travelers Property Casualty Corp. becoming a wholly owned subsidiary. Following the merger, the parent company was renamed from "The St. Paul Companies, Inc." to "The St. Paul Travelers Companies, Inc.". Key for investors is that this event marks the formal creation of the combined entity. Travelers Property Casualty Corp. shareholders received 0.4334 shares of the combined company's common stock for each share they held, and will own approximately 66% of the post-merger St. Paul Travelers. The filing also notes the delisting of the former Travelers common stock from the NYSE and the upcoming listing of the combined company's stock under the symbol "STA" on April 2, 2004.

Key Highlights

  • 1Merger between The St. Paul Companies, Inc. and Travelers Property Casualty Corp. has officially closed, effective April 1, 2004.
  • 2The combined entity has been renamed from "The St. Paul Companies, Inc." to "The St. Paul Travelers Companies, Inc.".
  • 3Travelers Property Casualty Corp. shareholders received 0.4334 shares of St. Paul Travelers common stock for each share they owned.
  • 4Former Travelers shareholders will own approximately 66% of the combined St. Paul Travelers entity.
  • 5The common stock of Travelers Property Casualty Corp. has been delisted from the New York Stock Exchange (NYSE).
  • 6The St. Paul Travelers Companies, Inc. common stock is set to trade on the NYSE under the symbol "STA" starting April 2, 2004.
  • 7Financial statements and pro forma information related to the acquired business will be filed by amendment.

Frequently Asked Questions

This filing officially announces the consummation of the merger between The St. Paul Companies, Inc. and Travelers Property Casualty Corp., and the subsequent name change of the parent company to The St. Paul Travelers Companies, Inc.

Each share of Travelers Property Casualty Corp. common stock was converted into the right to receive 0.4334 shares of common stock of the combined entity, The St. Paul Travelers Companies, Inc.

The combined company's common stock will trade on the New York Stock Exchange under the symbol "STA", beginning April 2, 2004.

Yes, the filing states that financial statements of the acquired business and pro forma financial information will be filed by amendment to this Current Report.