AmTrust Financial Services, under pressure from billionaire activist investor Carl Icahn, said Monday that it is postponing its shareholder vote on its plans to go private because early counts showed that not enough minority shareholders supported the deal.
Icahn believes that the offer of $2.7 billion — or, $13.50 per share — is too low.
AmTrust, which is led by the Karfunkel-Zyskind family, also said Monday that it will meet with Icahn and other shareholders to try to get a deal through.
Icahn agreed to meet, according to a regulatory filing Monday.
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