We are extremely happy to have Selena working here at AFG.
American Money is a wholly owned investment management subsidiary of AFG.
In addition, AFG may also receive up to USD 13m of additional proceeds from HC2 in the future based on the release of certain statutory liabilities of the legal entities sold by AFG.
Main Street completed its investment to support AFG's management team, which retained majority equity ownership of AFG.
The group also benefits from the financial flexibility provided by its ultimate parent, AFG.
Fred is well known in the industry and is a welcomed asset to AFG.
If the offer is successful it will be followed by a short-form merger of National Interstate into a subsidiary of AFG.
Jensen has also served as the chief financial officer of AFG.
The target has not yet made a recommendation with respect to the offer, which, if successful, will be followed by a second step, a short-form merger of National Interstate into a subsidiary of AFG.
Best affirmed the ICR of "bbb+" with a positive outlook for AFG.
Goldman Sachs & Co (NYSE:GS) served as financial adviser to AFG.
In a unanimous decision issued today, the Sixth Circuit Court of Appeals in Cincinnati affirmed the Summary Judgment of the District Court in favor of AFG.