Stone Point, Karfunkel-Zyskind Family offer to buy AmTrust
Stone Point Capital LLC, along with AmTrust Financial Services CEO Barry Zyskind and the Karfunkel-Zyskind family, have offered to take AmTrust private for $12.25 a share. The group said they want to buy the shares not already owned by the Karfunkel-Zyskind family, which currently has a roughly 43 percent stake. AmTrust, of New York, is a property and casualty insurance company with a $2 billion market cap. Stone Point has engaged Skadden, Arps, Slate, Meagher & Flom LLP as its legal adviser, while the Karfunkel-Zyskind Family have tapped Paul, Weiss, Rifkind, Wharton & Garrison LLP as their legal adviser.
10 January 2018•4 mins read
