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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Amtrust Financial Services, Inc. (delisted) | NASDAQ:AFSI | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0 | - |
From Jun 2019 to Jun 2024
SAN DIEGO, March 1, 2018 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of AmTrust Financial Services, Inc. ("AmTrust") (NASDAQ: AFSI) breached their fiduciary duties in connection with the proposed sale of the Company to a group of shareholders including its founding family, chief executive and Evergreen Parent ("Evergreen"). Evergreen was formed by private equity funds managed by Stone Point Capital, AmTrust CEO Barry Zyskind and George and Leah Karfunkel, the family that helped found New York-based AmTrust.
On March 1, 2018, AmTrust announced that it had signed a definitive merger agreement with Evergreen. Under the terms of the agreement, Evergreen will acquire all of the outstanding shares of AmTrust for $13.50 in cash.
The investigation concerns whether the AmTrust board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for AmTrust shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially given that one Wall Street analyst has a $16.00 price target on the stock. The 52-week high for AmTrust was $23.45.
If you are a shareholder of AmTrust and believe (1) the proposed buyout price is too low or (2) the merger benefits management more than the shareholders, and (3) you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
View original content:http://www.prnewswire.com/news-releases/amtrust-afsi-alert-johnson-fistel-investigates-proposed-sale-of-amtrust-financial-services-inc-is-1350-a-fair-price-for-shareholders-300606697.html
SOURCE Johnson Fistel, LLP
Copyright 2018 PR Newswire
1 Year Amtrust Financial Services, Inc. (delisted) Chart |
1 Month Amtrust Financial Services, Inc. (delisted) Chart |
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