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Erie Indemnity Prices Class A Secondary Offering

Thursday, January 30, 2003 | 0

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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