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.
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
A 10-Year Wait for Autonomous Vehicles to Impact Insurers, Says Fitch 
