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AmTrust holder Arca opposes sweetened $14.75-per-share buyout offer

Published 06/08/2018, 07:54 AM
© Reuters.  AmTrust holder Arca opposes sweetened $14.75-per-share buyout offer
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  • AmTrust Financial Services (NASDAQ:AFSI) stockholder Arca Capital says the Zyskind/Karfunkel family's sweetened offer of $14.75 per share for taking the company private is still too low and urges other shareholders to reject the offer.
  • "Barry Zyskind, George Karfunkel and Leah Karfunkel know well the true value of AmTrust is between $25 to $31 per share thus they will continue to increase their offers IF investors continue to demand fair value," Arca Capital Chairman Pavol Krupa said in a statement.
  • Arca Capital says it's demanding a fair value offer over $22 per share, based on analysis showing a long-term price target for the company at $25-$31 per share.
  • The Zyskind/Karfunkel family increased its offer by $1.25 per share yesterday.
  • Source: Press Release
  • Previously: AmTrust insiders boost buyout price (June 7)
  • Now read: Travelers: A Dividend Growth Machine


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