New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 25, 2014
14:41 EDTNATL, TROW, AFGT. Rowe Price opposes American Financial tender offer for National Interstate
T. Rowe Price Associates (TROW) disclosed in a regulatory filing that it sent a letter to the non-independent members of the Board of National Interstate (NATL), informing that T. Rowe Price does not currently intend to participate in the tender offer disclosed on Feb. 21 under the terms offered. In the letter, T. Rowe Price wrote: "As of today, our clients own 1.57 million shares of National Interstate, representing about 8% of the common shares outstanding. As experienced investors in the U.S. smaller companies marketplace broadly and the property and casualty insurance industry specifically, we understand the value that can be created as a result of the well-executed combination of complementary businesses. We also understand the dynamics of industry consolidation within the P&C business well. We do, however, always apply extra scrutiny to any transactions involving a conflict of interest between the negotiating parties, such as Great American Insurance Company’s offer for National Interstate...Having analyzed this transaction carefully, we note that we have rarely come away with concerns as substantial as those we have identified here. In short, we are quite troubled about both the process the National Interstate Board undertook to evaluate the transaction as well as the consideration offered...Our concerns are so strong about the lapses in basic standards of corporate governance evident in this situation that we will file this letter with the U.S. Securities and Exchange Commission in order to make public our position"
News For NATL;TROW;AFG From The Last 14 Days
Check below for free stories on NATL;TROW;AFG the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
August 18, 2014
16:55 EDTAFGAmerican Financial Group raises annual dividend 14% to $1.00 per share
American Financial Group announced that its Board of Directors has approved an increase in the company’s regular annual dividend from 88c to $1.00 per share of common stock. The increased dividend, when declared, will be paid on a quarterly basis of 25c per share of common stock beginning in October. The new dividend rate represents a 14% increase over the annual rate paid thus far in 2014. The company has increased its dividend in each of the last nine years.
August 12, 2014
08:27 EDTTROWT. Rowe Price management to meet with Deutsche Bank
Meeting to be held in Atlanta in August 12 hosted by Deutsche Bank.
August 11, 2014
06:58 EDTTROWUBS to hold a conference
UBS Financials 1:1 Conference to be held in Chicago on August 11.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use