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AmTrust's Troubles Linger as Board Approves Privatization Proposal

By Elaine Goodman (medical/business Reporter)

Friday, March 2, 2018 | 1566 | 2 | 56 min read

The board of directors of AmTrust Financial Services has approved a $2.7 billion deal to privatize the company through an acquisition of all common stock by members of AmTrust’s founding family and Stone Point Capital. The acquisition by Stone Point Capital, George and Leah Karfunkel, and Chief Executive Officer Barry Zyskind was announced in January. But since then, the price being offered for common stock not already owned by the Karfunkel-Zyskind family has increased to $13.50 per share, from the previous $12.25 per share, according to Thursday's announcement. The price of $13....

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