Argo claims to be ‘more attractive’ to buyers, as 80 parties approached
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Argo claims to be ‘more attractive’ to buyers, as 80 parties approached

Argo Group Bermuda logo 2.jpg

Argo has reiterated its call for shareholders to back its board nominees ahead of an upcoming annual meeting and issued another rebuke to activist investor Ron Bobman, alleging he “does not deal in facts”, as it said previous transactions made the company a healthier prospect for bidders.

The insurer is urging shareholders to back its seven nominees to the board, whereas Bobman, who runs investment firm Capital Returns, is trying to install himself and former National Interstate CEO David Michelson onto the board as directors.

Bobman

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