Markel Corp. will offer about 16 percent of its common stock to pay off outstanding debts. The company plans to sell 1.2 million shares, including 321,000 shares being sold under the company’s previously filed shelf registration statement. Goldman Sachs is the lead manager, and Credit Suisse First Boston and Merrill Lynch will serve as co-managers for the offering.
Was this article valuable?
Here are more articles you may enjoy.
Why El Niño’s Promise of Quieter Hurricane Season May Not Be Good News for Insurers 
CBIZ Brokerage to Be Spun Off, Backed by Private Equity, After $5B Grant Thornton Deal 
Viewpoint: Who Gets Credit for Successful Renewal During Soft Reinsurance Market? 
Former Insurance Agent Sentenced to Jail for Fraud, Again 
