AmTrust's Founding Family Proposes Privatization

Following a troubled year in 2017, AmTrust Financial Services announced that a private equity firm and members of its founding family want to privatize the company by buying all the common stock the family doesn’t already own. Under the proposal, private equity funds managed by Stone Point Capital LLC, together with AmTrust Chairman and Chief Executive Officer Barry Zyskind and directors George Karfunkel and Leah Karfunkel, would acquire all of the outstanding shares of common AmTrust stock that the Karfunkel-Zyskind family does not control. The offer is for $12.25 per share in ca...