American Financial Group Raises Offer for Stake in National Interstate

American Financial Group Inc. has increased its offer to acquire all of the outstanding common shares of National Interstate Corp. that are not currently owned by AFG’s wholly owned subsidiary, Great American Insurance Co., to $32 per share in cash. The offer is a $2 per share increase from AFG’s initial offer, the company said on Wednesday. The proposed transaction would not be subject to a financing condition.  The proposed transaction is subject to approval by a majority of the National Interstate Board of Directors’ Special Committee. Following approval b...