AmTrust founders up buy-out offer to $2.7bn as company discloses 'material weaknesses'
US carrier AmTrust has upped its buyout offer to public equity holders to $13.50 per share and requested a 15 day extension to file its 2017 results amid “material weaknesses” in internal controls in a hectic 24 hours after sister company Maiden Holdings posted poor Q4 results yesterday.
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