‘Multiple parties’ interested in Global Indemnity, Penn-America buyout
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‘Multiple parties’ interested in Global Indemnity, Penn-America buyout

Kyoung-son Song
June 09, 2023
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Multiple parties have expressed preliminary interest in an acquisition or merger with Global Indemnity, as well as its E&S arm Penn-America, the carrier said, confirming earlier reports from this publication.

GBLI’s stock is trading at $32.40 per share, up 17.82% from yesterday’s close.

In a statement, the company said: “While the company is responding to certain of these preliminary indications of interest, there is no assurance that an acceptable transaction...

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Kyoung-son Song
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