Mercer Insurance Group: Loeb Partners Calls for Sale or Liquidation

Jul.16.07 | About: Mercer Insurance (MIGP)

In a 13D filing on Mercer Insurance Group Inc. (Nasdaq: MIGP), Loeb Partners disclosed a 5.17% stake (339,326 shares) in the company.

In the filing, the firm said it is their firm belief that the company has only one viable option, a sale or complete liquidation on a timely and cost-effective basis. The firm said it may engage in talks with the company or seek Board representation if this option is not pursued vigorously.