Activist investor Bobman urges FBL shareholders to reject $56 per share take-private bid
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Activist investor Bobman urges FBL shareholders to reject $56 per share take-private bid

FBL financial group boardroom.jpg

Ron Bobman’s Capital Returns Management has urged FBL Group shareholders to reject a bid to take the company private at $56 per share, dismissing the offer as an “inadequate proposal”.

The activist investment firm said that under such transaction terms, the price was too low, and would fail to offer shareholders a meaningful premium.

Its

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