Stone Point Capital and members of the founding family of AmTrust Financial Services have increased their offer to AmTrust shareholders in a potential deal to privatize the company.
An entity called Evergreen Parent, consisting of members of the Karfunkel/Zyskind family and private equity funds managed by Stone Point, is now offering $14.75 per share of common stock, up from the previous offer of $13.50.
The increased offer was announced on Thursday after a special meeting for shareholders to vote on the proposal, originally scheduled for June 4, was continued to June 21.
AmTrust also ...
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