EMC Insurance forms committee to review proposal from parent [Seeking Alpha]
EMC INSURANCE GROUP (EMCI)
Last emc insurance group earnings: 2/7 06:30 am
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Source: Seeking Alpha
EMC Insurance forms committee to review proposal from parentEMC Insurance (NASDAQ:EMCI)receives a non-binding proposal from its parent, Employers Mutual Casualty Co., to acquire the rest of the EMCI shares it doesn't already own and forms a special committee to consider the proposal.EMCC currently owns about 55% of EMCI's outstanding shares of common stock.The special committee to consider the $30-per-share proposal consists of four independent directors.EMCI says there's no assurance a definitive agreement will be reached or that any transaction will be approved or completed.Previously:EMC Insurance gets $30-per-share proposal (Nov. 16)Click to subscribe to real-time analytics on EMCINow read:This Time, Fairfax Financial Is Not Hedged Against A Bear Market In Stocks »Subscribefor full text news in your inbox
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