Shareholders of Flagstone Re will vote on the firm's proposed takeover by larger rival Validus at an extraordinary general meeting on November 28.Validus announced a bid for the Luxembourg based firm in late August, offering $623 million.Validus chairman and chief executive Ed Noonan has said the firm is working to complete the transaction as quickly as possible, and to retain much of the portfolio placed at Flagstone.There will also be a vote on proposals to approve compensation to Flagstone's named executive officers upon completion of the transaction.Flagstone CEO David Brown is expected to step down following completion of the Validus sale.The Validus transaction follows the sale of Flagstone's Lloyd's business to ANV Holdings in early April.Shareholders of record as of the close of business on October 5 will be entitled to vote at the meeting.