Root’s board not in receipt of 'actionable', best interest bids
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Root’s board not in receipt of 'actionable', best interest bids

Root logo Ohio.jpg

Auto InsurTech Root’s board of directors “is not in receipt of any proposal that is either actionable or in the best interests of Root’s shareholders” following news reports last Wednesday of a takeover bid from Embedded Insurance.

“Root’s [board] has always considered and evaluated, and will continue to consider and evaluate, any bona fide proposal or opportunity to enhance shareholder value in accordance with its fiduciary duties,” the company said.

The

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