Erie Indemnity Company (Nasdaq: ERIE) announced today that it has priced the
previously announced secondary offering by Black Interests Limited Partnership
of 3,000,000 shares of its class A common stock at $34.50 per share.
A majority of the proceeds of the shares being offered as described in the
prospectus will be used by the selling shareholder to pay estate taxes and
other estate-related expenses arising from the recent death of Mr. Black's
mother and to make a charitable bequest. Erie Indemnity Company will not
receive any proceeds from the sale of shares.
Goldman, Sachs...
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