PRELIMINARY COPIES ALLMERICA PROPERTY & CASUALTY COMPANIES, INC. INFORMATION STATEMENT NOTICE OF ACTION TAKEN WITHOUT A MEETING NOTICE OF APPRAISAL RIGHTS ---------------- ALLMERICA FINANCIAL CORPORATION PROSPECTUS This Information...Agreement and Plan of Merger Agreement and Plan of Merger • June 9th, 1997 • Allmerica Financial Corp • Fire, marine & casualty insurance • Delaware
Consideration. See "The Merger Transactions--The Merger Agreement--APY Merger Consideration." If an APY stockholder elects to receive the Stock Consideration or the Cash Consideration, the application of the proration procedures may cause the mix of cash and AFC Common Stock actually received by such holder to differ from the election made; as a result, the value of the consideration received may be less than if proration had not been applied. "Average Stock Price" means the average of the Closing Market Prices (as defined below) for the ten consecutive trading days ending on the fifth trading day prior to the Effective Time (as defined below). The "Closing Market Prices" for any trading day means the closing sales price of the AFC Common Stock as reported in the New York Stock Exchange Composite Tape (as reported by the Wall Street Journal) for that day. On June , 1997, the closing prices per share of AFC Common Stock and APY Common Stock on the NYSE Composite Tape were $ and $ , resp
