AmTrust Delays Shareholder Vote on Going-Private Deal
AmTrust Financial Services Inc. said it is delaying a shareholder vote on its $2.7 billion going-private deal, indicating it doesn’t yet have the votes to approve the transaction in the wake of opposition from activist investor Carl Icahn. A special shareholder meeting for the vote had been scheduled for Monday, but the New York insurer said it intended to adjourn the meeting until June 21. In...
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