Catalina Holdings says still interested in deal for American Safety Insurance

July 29, 2013

Following the filing of the Original Filing, on May 30, Catalina, through its financial advisor, RBC Capital Markets, submitted a letter to ASI’s financial advisor, Bank of America Merrill Lynch, indicating that it was willing to acquire ASI for a value of $29.00 per share in cash. Subsequently, on July 29, Catalina sent a letter to the board of directors of ASI, offering a price of $29.75 per share in cash to acquire ASI.