The proposed merger transaction comes following independent proxy advisory firm Institutional Shareholder Services Inc. recommended that AmTrust stockholders vote "FOR" the company's amended merger agreement. The proposed merger transaction comes after the independent proxy advisory firm Institutional Shareholder Services Inc. recommended that AmTrust stockholders vote “FOR” the company’s amended merger agreement. (Photo: AmTrust)

AmTrust Financial Services, Inc. stockholders have approved an amended merger transaction.

The deal proposes that Evergreen Parent L.P., an entity formed by private equity funds managed by Stone Point Capital LLC, together with Barry Zyskind, chairman and CEO of AmTrust, and George and Leah Karfunkel, will acquire approximately 45% of the company’s issued and outstanding common shares, which the Karfunkel-Zyskind family and certain of its affiliates and related parties do not presently own or control.

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Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].

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