STEVENSON, Md. -- (Business Wire)
The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of National Interstate Corporation (Nasdaq: NATL) (“National
Interstate” or the “Company”) relating to the proposed buyout of
National Interstate by Great American Insurance Company, a subsidiary of
American Financial Group, Inc.
Under the terms of the agreement, National Interstate shareholders are
anticipated to receive $32.00 in cash for each share of National
Interstate common stock held. The firm’s investigation seeks to
determine, among other things, whether the Company’s Board of Directors
failed to satisfy their duties to shareholders, including whether the
Board adequately pursued alternatives to the acquisition and whether the
Board obtained the best price possible for the Company’s shares of
common stock.
If you currently own common stock of National Interstate and believe
that the proposed buyout price is too low, or you would like to learn
more about the investigation being conducted by Brower Piven, please
visit our website at http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at hoffman@browerpiven.com
or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160726006567/en/
Contacts:
Brower Piven, A Professional Corporation
Charles J. Piven,
410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153
hoffman@browerpiven.com
Source: Brower Piven, A Professional Corporation
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