American Financial Group, Inc. Asks National Interstate Shareholders to Focus on Value of Offer, Base Decision on Facts
Best and Final Offer Delivers Compelling Value
Today’s letter is another attempt by
Alan Spachmanto prevent National Interstateshareholders from receiving AFG’s all-cash offer of $30per share of National Interstate Corporation(NASDAQ: NATL).
- Our offer is, and always has been, in the hands of shareholders, and it is up to them to make an informed decision.
Given Alan Spachman’s repeated attempts to deny
National Interstateshareholders the opportunity to decide for themselves, shareholders should question his motives and whether he has their best interest in mind.
- Contrary to Spachman’s allegations, we have made abundant disclosures around this matter and have complied with all applicable laws with regard to our offer.
Our best and final all-cash offer of
$30.00per share for any and all shares represents compelling value for National Interstateshareholders.
AFG management and Board of Directors will continue to vigorously defend
the rights of National Interstate Shareholders to tender into our offer.
Two previous requests for injunctions in
This press release is for informational purposes only and does not
constitute an offer to purchase or a solicitation of an offer to sell
AFG is an insurance holding company, based in
American Financial Group, Inc.
Diane P. Weidner, Asst. Vice President - Investor Relations, 513-369-5713
Stan Neve / Gemma Hart, 212-333-3810