NEW YORK, July 27, 2016 /PRNewswire/ -- Harwood Feffer LLP
(www.hfesq.com) is investigating potential claims against the board
of directors of National Interstate Corporation ("National
Interstate" or the "Company") (NASDAQ: NATL) concerning the
proposed acquisition of the Company by Great American Insurance
Company ("Great American"), a wholly-owned subsidiary of American
Financial Group, Inc.
Under the terms of the offer, Great American would acquire
National Interstate in a transaction valued at approximately
$660 million. Pursuant to the
deal, National Interstate stockholders will receive $32.00 in cash per share of National
Interstate. Additionally, National Interstate will pay a
special dividend of $0.50 per common
share upon closing of the
transaction.
Our investigation concerns whether the National Interstate board
of directors is fulfilling its fiduciary duties, maximizing the
value of the Company, disclosing all material benefits and costs,
and obtaining full and fair consideration for Company
stockholders.
If you own National Interstate shares and wish to discuss this
matter with us, or have any questions concerning your rights and
interests with regard to this matter, please contact:
Benjamin I. Sachs-Michaels,
Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the firm.
Attorney Advertising. The law firm responsible for this
advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results
do not guarantee or predict a similar outcome with respect to any
future matter.
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SOURCE Harwood Feffer LLP