Friday, May 18, 2007
American Financial to Acquire Remainder of Great American for $225M
The board of Great American Financial Resources Inc. has given its approval to an offer by parent American Financial Group to acquire the remaining shares of the company.
American Financial will pay $24.50 per share in cash, or about $225 million in total, for the remaining 19 percent of the shares it doesn't already own, according to a news release. That's $1 per share more than American Financial offered when it first proposed the deal in February.
American Financial to Acquire Remainder of Great American for $225M
Source: Biz Journals (subscription may be required)
American Financial will pay $24.50 per share in cash, or about $225 million in total, for the remaining 19 percent of the shares it doesn't already own, according to a news release. That's $1 per share more than American Financial offered when it first proposed the deal in February.
American Financial to Acquire Remainder of Great American for $225M
Source: Biz Journals (subscription may be required)
Permalink posted by armandn @ 11:59 AM 
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