Selective Insurance Group, Inc. Amends and Restates Stockholder Rights Plan.

Business Wire | February 3, 1999 | Copyright

BRANCHVILLE, N.J.--(BUSINESS WIRE)--Feb. 3, 1999--Selective Insurance Group, Inc. today announced that its Board of Directors has approved an amended and restated stockholder rights plan to modify the current plan which was due to expire on November 6, 1999. The revised plan includes a series of provisions which are triggered when an individual or group acquires 15% or more of Selective's common stock or commences or announces a tender offer in which they would acquire at least 15% of Selective's common stock.

The rights are not presently exercisable. However, ten ...

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