2023-06-09 13:26:15 ET
- Global Indemnity Group LLC ( NYSE: GBLI ) said multiple parties have expressed interest in exploring an acquisition or merger with Penn-America or a deal with Global Indemnity. Trading in the stock was halted ahead of the announcement.
- The insurance company is responding to some of the preliminary indications of interest, though there's no certainty that a deal will result from the engagement, according to a statement. GBLI has a market cap of $370 million.
- Global Indemnity ( GBLI ) also announced that its board approved an increase in its existing share buyback authorization amount to $135 million.
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Global Indemnity says multiple parties interested in potential deal