We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| National Interstate Corp. (MM) | NASDAQ:NATL | 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% | 32.51 | 32.49 | 32.75 | 0 | 00:00:00 |
From Dec 2019 to Dec 2024
A.M. Best has commented that the ratings of American Financial Group, Inc. (AFG) (Cincinnati, OH) [NYSE: AFG] and its insurance subsidiaries, and the ratings of National Interstate Corporation (NATL) (headquartered in Richfield, OH) [NASDAQ: NATL] and its insurance subsidiaries are unchanged following the July 25, 2016, announcement that an agreement has been reached under which AFG will acquire all shares of NATL not currently owned by AFG’s subsidiary Great American Insurance Company (GAIC).
Under the terms of the agreement AFG reached with the Special Committee of the Board of Directors of NATL, AFG will acquire the 49% of NATL shares that are not currently owned by GAIC. Based on a $32 per share purchase price plus a $0.50 special dividend, the purchase price to acquire the remaining shares of NATL will be approximately $320 million. The proposed transaction will not be subject to any financing conditions.
The transaction is expected to close during the fourth quarter of 2016, pending regulatory approval. A.M. Best will continue to hold discussions with management to monitor the progress of the transaction and evaluate any developments and implications for future impact on the ratings.
This press release relates to rating(s) that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2016 by A.M. Best Rating Services, Inc. ALL RIGHTS RESERVED.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160729005562/en/
A.M. BestMichael Russo, +1-908-439-2200, ext. 5372Senior Financial Analystmichael.russo@ambest.comorJennifer Marshall, +1-908-439-2200, ext. 5327Assistant Vice Presidentjennifer.marshall@ambest.comorChristopher Sharkey, +1-908-439-2200, ext. 5159Manager, Public Relationschristopher.sharkey@ambest.comorJim Peavy, +1-908-439-2200, ext. 5644Assistant Vice President, Public Relationsjames.peavy@ambest.com
1 Year National Interstate Chart |
1 Month National Interstate Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
