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.
San Diego, CA -- (SBWIRE) -- 01/18/2018 -- The takeover of AmTrust Financial Services Inc is under investigation over possible wrongdoing. The investigation was announced for investors, who currently hold shares of AmTrust Financial Services Inc (NASDAQ:AFSI).
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 January 9, 2018, private equity funds managed by Stone Point Capital LLC, together with Barry D. Zyskind, Chairman and CEO of AmTrust Financial Services Inc, George Karfunkel and Leah Karfunkel (collectively, the "Karfunkel-Zyskind Family"), proposed to acquire all of the outstanding shares of common stock of AmTrust that the Karfunkel-Zyskind Family does not already own or control for $12.25 per share in cash.
However, given that at least one analyst has set the high price target for NASDAQ:ASFI shares at $16.00 per share and given that NASDAQ:ASFI shares traded in the open market as recently as July 2017 as high as $16.26 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 January 17, 2018, NASDAQ:AFSI shares closed at $12.86 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