An investigation on behalf of investors in NASDAQ:NATL shares in connection with the proposed takeover was announced and NASDAQ:NATL stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 03/29/2016 --An investigation for sharehold.ers, who currently hold NASDAQ:NATL shares was announced over the takeover of National Interstate by American Financial Group, Inc at $30 per.

Investors who purchased shares of National Interstate Corporation (NASDAQ:NATL) and currently hold any of those NASDAQ:NATL 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 National Interstate Corporation breached their fiduciary duties owed to NASDAQ:NATL investors in connection with the proposed acquisition.

On February 5, 2014, American Financial Group, Inc. (NYSE/NASDAQ: AFG) announced that its wholly-owned subsidiary Great American Insurance Company (GAIC) has commenced a tender offer to acquire all of the outstanding shares of National Interstate Corporation (NASDAQ:NATL) common stock not currently owned by them for $28.00 per share in cash without interest.

On March 7, 2016, American Financial Group, Inc.(NYSE: AFG) announced that it has proposed to acquire all of the outstanding common shares of National Interstate Corporation (Nasdaq: NATL) that are not currently owned by American Financial Group's wholly-owned subsidiary, Great American Insurance Company (GAIC), for $30.00 per share in cash.

However, given that Great American Insurance Company owns approximately 51% of the outstanding National Interstate common shares, the investigation concerns whether the offer is unfair to NASDAQ:NATL stockholders. More specifically, the investigation concerns whether the National Interstate 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.

National Interstate Corporation reported that its annual Total Revenue rose from $468.52 million in 0211 to $602.94 million in 2014.

Shares of National Interstate Corporation (NASDAQ:NATL) reached as high as $35.13 per share in mid 2013.

On March 24, 2016, NASDAQ:NATL shares closed at $29.71 per share.

Those who are current investors in National Interstate Corporation (NASDAQ:NATL) 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