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AmTrust Financial Services Inc (AFSI.OQ)

AFSI.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

AmTrust Says Co Has Been Advised That Karfunkel-Zyskind Family Scheduled Meeting With Carl Icahn
Monday, 4 Jun 2018 09:29am EDT 

June 4 (Reuters) - AmTrust Financial Services Inc ::AMTRUST ANNOUNCES INTENTION TO ADJOURN SPECIAL MEETING OF STOCKHOLDERS TO JUNE 21, 2018.AMTRUST FINANCIAL SERVICES INC - COMPANY HAS BEEN ADVISED THAT KARFUNKEL-ZYSKIND FAMILY SCHEDULED MEETING WITH CARL ICAHN.AMTRUST FINANCIAL SERVICES - KARFUNKEL-ZYSKIND FAMILY HAS INFORMED CO THEY WILL ATTEMPT TO FIND BASIS TO COMPLETE PROPOSED GOING-PRIVATE TRANSACTION.  Full Article

Activist Investor Carl Icahn Says Energen Is Very Undervalued - CNBC
Monday, 21 May 2018 01:14pm EDT 

May 21 (Reuters) - :ACTIVIST INVESTOR CARL ICAHN SAYS ENERGEN IS VERY UNDERVALUED - CNBC.CARL ICAHN SAYS ENERGEN IS WORTH OVER $100 PER SHARE - CNBC.ICAHN SAYS IN RESPONSE TO WHETHER XEROX SHOULD BE SOLD THAT THE COMPANY COULD DEFINITELY BE SOLD, IT HAS MANY GOOD ASSETS - CNBC.ICAHN SAYS AMTRUST IS VERY UNDERVALUED - CNBC.ICAHN SAYS HAS NOT SPOKEN TO ELLIOTT MANAGEMENT'S PAUL SINGER ABOUT ENERGEN - CNBC.ICAHN ON VMWARE SAYS 'I WISH I HAD A BIGGER POSITION IN THE COMPANY' - CNBC.  Full Article

Carl Icahn Files Lawsuit Against Amtrust & Zyskind/Karfunkel Families
Monday, 21 May 2018 12:13pm EDT 

May 21 (Reuters) - Carl Icahn::CARL ICAHN FILES LAWSUIT AGAINST AMTRUST AND ZYSKIND/KARFUNKEL FAMILIES.CARL ICAHN SAYS COMMENCED LITIGATION AGAINST AMTRUST, CHAIRMAN & CEO BARRY ZYSKIND, AND BOARD MEMBERS GEORGE KARFUNKEL, LEAK KARFUNKEL.CARL ICAHN SAYS COMPLAINT ALLEGES THAT ZYSKIND/KARFUNKEL GOING-PRIVATE DEAL UNDERVALUES AMTRUST.CARL ICAHN SAYS COMPLAINT ALLEGES COURT SHOULD JUDGE AMTRUST FINANCIAL'S GOING-PRIVATE TRANSACTION UNDER MORE STRINGENT "ENTIRE FAIRNESS" STANDARD.CARL ICAHN SAYS COMPLAINT ALSO ALLEGES THAT AMTRUST, ZYSKIND/KARFUNKEL FAMILIES HAVE "MANIPULATED THE RECORD DATE" FOR GOING-PRIVATE DEAL.  Full Article

Arca Capital Plans To Work With Carl Icahn, Shareholders to Oppose AmTrust Privatization
Monday, 21 May 2018 07:13am EDT 

May 21 (Reuters) - Arca Capital::ARCA CAPITAL - PLANS TO WORK WITH CARL ICAHN AND OTHER MINORITY SHAREHOLDERS IN OPPOSING PROPOSED AMTRUST'S PRIVATIZATION TRANSACTION.ARCA CAPITAL SAYS OWNS ABOUT 2.4% OUTSTANDING SHARES OF AMTRUST FINANCIAL.  Full Article

Carl Icahn Says "Strongly Oppose" Proposed Going-Private Deal Under Which Zyskind/Karfunkel Families Would Buy Shares Of Amtrust Financial
Thursday, 17 May 2018 05:20pm EDT 

May 17 (Reuters) - AmTrust Financial Services Inc ::CARL ICAHN SAYS "STRONGLY OPPOSE" PROPOSED GOING-PRIVATE DEAL UNDER WHICH ZYSKIND/KARFUNKEL FAMILIES WOULD BUY SHARES OF AMTRUST FINANCIAL.AS OF MAY 7 - SEC FILING.CARL ICAHN SAYS REGARDING VOTE SCHEDULED FOR JUNE 4, AMTRUST FINANCIAL BOARD SHOULD IMMEDIATELY CHANGE RECORD DATE AND SPECIAL MEETING DATE.CARL ICAHN - CURRENTLY ENGAGED IN DISCUSSIONS WITH LITIGATORS, ASSESSING OPTIONS IF AMTRUST FINANCIAL BOARD DOES NOT CHANGE RECORD & SPECIAL MEETING DATES.  Full Article

Amtrust Financial Services reports Q3 loss per share $0.89
Wednesday, 8 Nov 2017 04:30pm EST 

Nov 8 (Reuters) - Amtrust Financial Services Inc ::Amtrust Financial Services Inc reports third quarter 2017 net loss per diluted share of $(0.89) and operating loss per diluted share(1) of $(0.04), including $0.25 per share of catastrophe losses in quarter.Q3 operating loss per share $0.04.Q3 loss per share $0.89.Q3 revenue rose 4.3 percent to $1.5 billion.Q3 earnings per share view $0.09 -- Thomson Reuters I/B/E/S.Q3 revenue view $1.27 billion -- Thomson Reuters I/B/E/S.  Full Article

AmTrust Financial will transfer 51% equity interest in some of its U.S. businesses to Madison Dearborn Partners
Monday, 6 Nov 2017 05:01pm EST 

Nov 6 (Reuters) - AmTrust Financial Services Inc ::AmTrust - co, ‍Madison Dearborn Partners agree for co to transfer a 51% equity interest in certain of its U.S.-based fee businesses to MDP​.AmTrust Financial Services - deal values the U.S.-based fee business at $1.15 billion, plus up to additional $50 million upon exit, subject to agreed thresholds​.AmTrust-Via mix of MDP's equity investment of about $210 million, debt borrowings by new business, co to receive proceeds of about $950 million at closing​.AmTrust Financial Services Inc - ‍co estimates net tangible book value to increase by approximately $6.00 per share as a result of transaction proceeds​.AmTrust Financial Services Inc - ‍estimates net book value to increase by approximately $3.50 per share as a result of transaction proceeds​.AmTrust- goodwill & intangibles of about $482 million ‍as of june 30 related to transferred businesses, expected to be deconsolidated from balance sheet​.  Full Article

AmTrust says will recognize $54 mln net losses related to catastrophes in Q3
Monday, 6 Nov 2017 05:00pm EST 

Nov 6 (Reuters) - AmTrust Financial Services Inc :Amtrust to report prior period development of $327 million and utilize the full benefit of the adverse loss development cover.Amtrust financial services inc - ‍amtrust will recognize $54 million of net losses related to catastrophes in Q3 of 2017​.  Full Article

Amtrust announces pricing of $250 million in depositary shares
Tuesday, 20 Sep 2016 05:30pm EDT 

Amtrust Financial Services Inc : Offering price per depositary share is $25.00, for aggregate gross proceeds of $250.0 million .Amtrust announces pricing of $250 million in depositary shares representing interests in preferred stock.  Full Article

AmTrust Financial Services announces 13% increase in common stock cash dividend
Tuesday, 2 Aug 2016 12:47pm EDT 

AmTrust Financial Services Inc : AmTrust Financial Services, Inc. announces 13% increase in the common stock cash dividend .Sets quarterly cash dividend of $0.17 per share.  Full Article

Deals of the day-Mergers and acquisitions

June 7 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: ** Deutsche Bank Supervisory Board Chairman Paul Achleitner has consulted top shareholders and German government officials about merging with peer Commerzbank, Bloomberg reported, citing people familiar with the matter.