San Diego, CA -- (SBWire) -- 03/08/2018 --An investigation was announced for investors, who currently hold NASDAQ:AFSI shares, concerning the takeover of AmTrust Financial Services Inc for $13.50 per share.
Investors who purchased shares of AmTrust Financial Services Inc (NASDAQ:AFSI) and currently hold any of those NASDAQ:AFSI shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of AmTrust Financial Services breached their fiduciary duties owed to NASDAQ:AFSI investors in connection with the proposed acquisition.
On March 01, 2018, AmTrust Financial Services, Inc. (Nasdaq:AFSI) announced that it has entered into an agreement with Evergreen Parent, L.P., an entity formed by private equity funds managed by Stone Point Capital LLC ("Stone Point"), together with Barry D. Zyskind, Chairman and CEO of AmTrust, George Karfunkel and Leah Karfunkel (collectively, the "Karfunkel-Zyskind Family"), in which Evergreen Parent will acquire the approximately 45% of the Company's issued and outstanding common shares that the Karfunkel-Zyskind Family and certain of its affiliates and related parties do not presently own or control. Under the terms of the proposed merger, AmTrust common shareholders who are not affiliated with the Karfunkel-Zyskind Family will receive $13.50 in cash for each share of AmTrust common stock they hold.
However, given that at least one analyst has set the high price target for NASDAW:AFSI shares at $15.00 per share and given that NASDAQ: AFSI shares traded in 2017 as high as $27.66 per share, the investigation concerns whether the offer is unfair to NASDAQ:AFSI stockholders. More specifically, the investigation concerns whether the AmTrust Financial Services Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
On March 7, 2018, NASDAQ:AFSI shares closed at $12.78 per share.
Those who are current investors in AmTrust Financial Services Inc (NASDAQ:AFSI) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
NASDAQ:AFSI Investor Alert: Investigation of Takeover of AmTrust Financial Services Inc
An investigation on behalf of investors of AmTrust Financial Services Inc (NASDAQ:AFSI) in connection with the proposed takeover was announced and NASDAQ:AFSI stockholders should contact the Shareholders Foundation.