AmTrust Buyout Bid Increases to $14.75 Per Share

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 ...