AmTrust agrees to sweetened $2.95 bln buyout offer

U.S. insurer AmTrust Financial Services Inc on Thursday agreed to be acquired by a group of investors for a sweetened $2.95 billion deal that also helped secure the support of dissenting shareholder Carl Icahn. Evergreen Parent, an entity formed by AmTrust’s founding family, its chief executive officer and some private equity funds, will pay $14.75 per share in cash, up from its earlier offer of $13.50 per share, the insurer said. …read more

Source:: Yahoo Finance

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