Craig Lindner, Co-Chief Executive Officers of
AFG. "We would be making an additional investment in a business we know well, while at the same time simplifying the ownership structure."
"We are extremely happy to have Selena working here at
AFG. She brings a strong national and local network of clients and business partners to the AFG Team to enhance our client solutions," said AFG Vice President Ken Reese.
American Money is a wholly owned investment management subsidiary of
AFG.In addition, AFG may also receive up to USD 13m of additional proceeds from HC2 in the future based on the release of certain statutory liabilities of the legal entities sold by
AFG.Main Street completed its investment to support AFG's management team, which retained majority equity ownership of
AFG.Tickers featured:
AFG. Complete text approximately 3000 words.
Fred is well known in the industry and is a welcomed asset to
AFG. He will make a significant and meaningful contribution to AFG's growth within the Washington DC area.”
If the offer is successful it will be followed by a short-form merger of National Interstate into a subsidiary of
AFG.The target has not yet made a recommendation with respect to the offer, which, if successful, will be followed by a second step, a short-form merger of National Interstate into a subsidiary of
AFG.