Safeco Shareholders Okay Sale To Liberty Mutual

Of Safeco shareholders who voted, the company said 99.5 percent voted to approve the Liberty Mutual transaction. Under the terms of the merger agreement, Liberty Mutual will acquire all outstanding sh

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Shareholders of Seattle-based Safeco Corp. yesterday approved the insurer’s merger agreement with Liberty Mutual Group.

The vote came at the annual meeting where management reported that the company second-quarter net income was down by 20 percent.

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