Insurer's founder fighting tender offer

February 2014
Crain's Cleveland Business;2/24/2014, Vol. 35 Issue 8, p1
The article reports on Great American Insurance Co.'s tender offer for specialty insurance company National Interstate Corp.'s common stock. Topics discussed include National Interstate founder Alan R. Spachman's opposition to the deal, his decision to remain neutral to the tender offer, and Great American's raising of its offer. Also mentioned are Spachman's call for a fair process and outcome for shareholders and his belief that the offer was opportunistically timed.


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