Newly-Privatized AmTrust Announces Leadership Changes

Article 0 Comments AmTrust Financial Services announced leadership changes as it moves forward now as a private company. Its $2.95 billion privatization plan was finalized on November 28, 2018 after receipt of all approvals, according to the company. AmTrust Financial Services Inc. (AFSI) shareholders approved the go-private deal last June. […]

Icahn Backs Revised AmTrust Deal But Investor Arca Balks

Article 0 Comments U.S. insurer AmTrust Financial Services Inc. on Thursday agreed to be acquired by a group of investors for a sweetened $2.95 billion deal that also helped secure the support of dissenting shareholder Carl Icahn. Evergreen Parent, an entity formed by AmTrust’s founding family, its chief executive officer […]

Arca Capital Backs Icahn in Trying to Stop AmTrust Privatization Plan

Article 0 Comments The Prague-based investment firm Arca Capital said it plans to work with activist investor Carl Icahn and other minority shareholders to prevent a proposed privatization of AmTrust Financial Services Inc. Arca Capital owns approximately 2.4 percent of outstanding shares of AmTrust Financial. Icahn recently disclosed that he […]