Craig Lindner, Co-Chief Executive Officers of AFG.
"We would be making an additional investment in a business we know well, while at the same time simplifying the ownership structure."
"We are extremely happy to have Selena working here at AFG.
She brings a strong national and local network of clients and business partners to the AFG Team to enhance our client solutions," said AFG Vice President Ken Reese.
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.
Tickers featured: AFG.
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Fred is well known in the industry and is a welcomed asset to AFG.
He will make a significant and meaningful contribution to AFG's growth within the Washington DC area.”
If the offer is successful it will be followed by a short-form merger of National Interstate into a subsidiary 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.