Webster, Mass.-based personal lines insurer Commerce Group Inc. announced today that its shareholders have voted to approve the firm's acquisition by Spanish insurer Mapfre S.A. for $2.2 billion.
The purchase by the Madrid-based European insurance giant was originally announced on Oct. 30, 2007.
Commerce said 88 percent of the total number of common stock shares entitled to vote had approved the merger and more than 97 percent of the eligible shares were voted.
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