Gregory Shepard requests Donegal Group evaluate merger, sale

theflyonthewall.com

Gregory Shepard disclosed that on November 5, he submitted a shareholder proposal to be presented and voted upon at Donegal Group's 2013 Annual Meeting of Shareholders. Shepard requests that the board "immediately engage the services of an investment banking firm to evaluate alternatives that could enhance shareholder value including, but not limited to, a merger or outright sale of DGI, and the shareholders further request that the Board take all other steps necessary to actively seek a sale or merger of DGI on terms that will maximize share value for shareholders." Shepard owns 17.96% of the company's Class A shares and 7.12 of the Class B shares.

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