Key Developments: Donegal Group Inc (DGICB.O)
20.30USD
23 May 2013
$-2.00 (-8.97%)
$22.30
$20.30
$20.30
$20.30
200
1,429
$28.49
$16.04
Latest Key Developments (Source: Significant Developments)
Gregory Mark Shepard Extends Tender Offer For Donegal Group Inc Class B Shares Until July 31, 2013
Gregory Mark Shepard announced that he has extended the expiration date for his tender offer for 962,636 shares of Class B Common Stock of Donegal Group Inc. (Donegal) at a price of $30 per share (the Offer) until July 31, 2013. Based on information received from the Depositary for the Offer, as on May 20, 2013, approximately 381,216 shares of Class B common stock had been tendered and not withdrawn from the Offer, plus an additional 2,324 shares had been submitted by guaranteed delivery. Stockholders who have already tendered their shares do not have to re-tender their shares or take any other action as a result of the extension of the expiration date. The Offer will expire on July 31, 2013, unless extended. Tenders of shares of Donegal's Class B Common Stock must be made prior to the expiration of the Offer and may be withdrawn at any time prior to the expiration of the Offer. Only shares properly tendered and not properly withdrawn pursuant to the Offer will be purchased. The Offer includes withdrawal rights so that a tendering shareholder can freely withdraw any shares prior to acceptance of such shares for payment under the Offer. Full Article
Donegal Group Inc Increases Quarterly Dividend
Donegal Group Inc announced that Board of Directors declared a regular quarterly cash dividend of $0.1275 per share of the Company's Class A common stock and $0.1150 per share of the Company's Class B common stock. The dividends are payable on May 15, 2013 to stockholders of record as of the close of business on May 1, 2013. These dividends represent percentage increases of 4.1% for the Company's Class A common stock and 4.5% for the Company's Class B common stock compared to the previous quarterly cash dividend rates. Full Article
Shepard Announces a Tender Offer for Shares of Class B Common Stock of Donegal Group Inc
Gregory M. Shepard announced a tender offer for 962,636 of the outstanding shares of Class B Common Stock of Donegal Group Inc. (DGI) at a price of $30 per Class B share (the Offer). The Offer represents approximately a 42% premium to the closing price of DGI Class B shares on NASDAQ on March 19, 2013, the last full trading day prior to the commencement of the Offer. Including the tender of at least 925,000 Class B shares, insurance and bank regulatory approvals, expiration or early termination of the Hart-Scott-Rodino waiting period, and no litigation involving the Offer. Mr. Shepard is also seeking the appointment of three persons selected by him to the DGI Board and the board of Donegal Mutual Insurance Company, as a condition of the Offer, without an increase in the size of each board from 12 directors. Full Article
Donegal Group Inc Declares Regular Quarterly Cash Dividend
Donegal Group Inc announced that its board of directors declared a regular quarterly cash dividend of $.1225 per share of the Company's Class A common stock and $.11 per share of the Company's Class B common stock. The dividends are payable on February 15, 2013 to stockholders of record as of the close of business on February 1, 2013. Full Article
Donegal Group Inc. Declares Quarterly Dividend
Donegal Group Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $.1225 per share of the Company's Class A common stock and $.11 per share of the Company's Class B common stock. The dividends are payable on August 15, 2012 to stockholders of record as of the close of business on August 1, 2012. Full Article
Donegal Group Inc. Increases Quarterly Dividend
Donegal Group Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.1225 per share of the Company's Class A common stock and $0.11 per share of the Company's Class B common stock. The dividends are payable on May 15, 2012 to stockholders of record as of the close of business on May 1, 2012.These dividends represent percentage increases of 2.1% for the Company's Class A common stock and 2.3% for the Company's Class B common stock compared to the previous quarterly cash dividend rates. Full Article
Donegal Group Inc. Declares Quarterly Dividend
Donegal Group Inc. announced that its board of directors declared a regular quarterly cash dividend of $.12 per share of Class A common stock and $0.1075 per share of Class B common stock payable February 15, 2012 to stockholders of record as of the close of business on February 1, 2012. Full Article
Donegal Group Inc. Declares Quarterly Dividend
Donegal Group Inc. announced that its board of directors declared a regular quarterly cash dividend of $.12 per share of Class A common stock and $0.1075 per share of Class B common stock payable November 15, 2011 to stockholders of record as of the close of business on November 1, 2011. Full Article
Donegal Group Inc. Declares Quarterly Dividend
Donegal Group Inc. announced that its Board Of Directors declared a regular quarterly cash dividend of $0.12 per share of Class A common stock and $0.1075 per share of Class B common stock payable August 15, 2011 to stockholders of record as of the close of business on August 1, 2011. Full Article
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