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Wednesday, Sep 4
Independence Holding annonces tender offer for American Independence
- Shares of American Independence (AMIC +15.8%) soar after for Independence Holding Company (IHC) announced that it's commenced a tender offer to purchase up to 762,640 shares at $10.00 net per share in cash.
- The offer will expire at 5:00 P.M. EST on Wednesday, October 2, unless extended by IHC.
- If the tender is fully subscribed, IHC and its subsidiaries will own up to 90% of AMIC's outstanding float.