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
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Today’s letter is another attempt by
Alan Spachman to preventNational Interstate shareholders from receiving AFG’s all-cash offer of$30 per share ofNational 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.
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Given Alan Spachman’s repeated attempts to deny
National Interstate shareholders 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.
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Our best and final all-cash offer of
$30.00 per share for any and all shares represents compelling value forNational Interstate shareholders.
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
Additional Information
This press release is for informational purposes only and does not
constitute an offer to purchase or a solicitation of an offer to sell
About
AFG is an insurance holding company, based in
Source:
American Financial Group, Inc.
Diane P. Weidner, Asst. Vice
President - Investor Relations, 513-369-5713
OR
Brunswick
Stan
Neve / Gemma Hart, 212-333-3810
OR
Websites:
www.AFGinc.com
www.GreatAmericanInsuranceGroup.com