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AmTrust Shareholders Vote to go Private in $2.95 Billion Deal


AmTrust Financial Services Inc. AFSI, -0.68% said Thursday that shareholders approved its plan to be taken private by two New York families and a private-equity firm. The bid was initially challenged by activist investor Carl Icahn, who recently owned as much as a 9.4% stake in the company. Icahn said the first deal was “happening at the wrong price at the wrong time” and was an attempt by the families and firm to manipulate shareholders into voting for a deal that benefits only them...

Mentions: stake AmTrust Financial Services activist investors