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Stock impact report

James River slumps after Global Indemnity says talks have paused [Seeking Alpha]

Global Indemnity Group, LLC Class A (DE) (GBLI) 
Company Research Source: Seeking Alpha
Global Indemnity CEO Joseph Brown said on the company's Q1 earnings call that the company has a conversation with James River ( JRVR ), but those "conversations are on pause at this point." "We may reexamine that later on if there's continued interest on both parties to pursue something," Brown said on the call. News of the comments was earlier reported by Insurance Insider. Brown's comments come after Insurance Insider reported in March that James River ( JRVR entered talks with Global Indemnity GBLI ). The publication previously reported that GBLI made an indicative offer of $15 a share for James River ( JRVR ), which sent its shares soaring 17.5%. James River ( JRVR ) disclosed in November that its board of directors had initiated an exploration of strategic alternatives. The reinsurer is set to report Q1 results after the close on Wednesday, with a conference call on Thursday. Recommended For You More Trending News Recommended For You More Trending News Show less Read more
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