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Tower Group International, Ltd. Message Board

  • stackshot stackshot Jan 6, 2014 10:56 AM Flag

    AmTrust walks away from deal

    this was the headline just a couple weeks ago. What changed? This is very odd. Something just doesn't sound right here. Maybe the price got so much lower they now feel like it is a deal?

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    • I missed that headline. I was aware that Berkshire and Enstar both walked away as they were not trustful that the reserves we even yet adequate. This is a good deal for the Tower shareholders.

      • 1 Reply to hearnthar
      • AmTrust pulls out of Tower takeover talks
        23 December 2013
        Heavily-shorted New York-listed carrier AmTrust pulled out of takeover talks it was holding with beleaguered peer Tower Group after the former's share price crashed following the release of a critical report from Geo Investing, The Insurance Insider can reveal.

        AmTrust's decision not to submit a bid comes after run-off heavyweights Enstar and Catalina, as well as a European private equity house, also opted not to pursue a takeover.

        AmTrust's share price started to weaken on 11 December after Geo Investing...

 
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