Brief: Federated National Holding Co Announces Withdrawal From Auto Business

Fednat Holding Co

19/12/2017 13:05

Dec 19 (Reuters) - Federated National Holding Co  FNHC.O : 
    * FEDERATED NATIONAL HOLDING COMPANY AUTHORIZES ADDITIONAL 
$10 
MILLION SHARE REPURCHASE PROGRAM AND ANNOUNCES WITHDRAWAL FROM 
AUTO BUSINESS 
    * FEDERATED NATIONAL - EXPECTS TO FUND SHARE REPURCHASE 
PROGRAMS 
FROM EXISTING HOLDING CO LIQUIDITY OR PROCEEDS OF ANNOUNCED 
PRIVATE PLACEMENT OF NOTE 
    * FEDERATED NATIONAL HOLDING CO - DUE TO AVERAGE POLICY 
TERM OF 
AUTO BUSINESS,  EXPECT ALL BUSINESS OPERATIONS TO MATERIALLY 
CEASE NO LATER THAN Q4 OF 2018 
 
Source text for Eikon:  ID:nGNXOKBUQa  
Further company coverage:  FNHC.O  
 
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