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.
Suspects in Louvre Heist in Custody After Week-Long Manhunt 
AIG to Acquire Renewal Rights of Everest’s Retail Commercial Business Worth $2B 
Trucking App Trucker Path Launches Retail Insurance Agency 
Viewpoint: Insurance and AI – A Double-Edged Sword 
