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Catalina Holdings says still interested in deal for American Safety Insurance

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.