EMC Insurance Group Inc. Announces Receipt of Non-Binding Proposal from Employers Mutual Casualty Company to Acquire Shares and Formation of Special Committee

Nov 21, 2018

DES MOINES, Iowa, Nov. 20, 2018 (GLOBE NEWSWIRE) -- EMC Insurance Group Inc. (Nasdaq:EMCI) (the “Company”) today announced receipt of a non-binding indicative proposal dated November 15, 2018 (the “Proposal”) from its parent company, Employers Mutual Casualty Company (“EMCC”), to purchase all the outstanding common stock of the Company not already owned by EMCC, and the formation of a special committee of the Company’s board of directors to consider the Proposal. EMCC currently owns approximately 55% of the outstanding shares of the Company’s common stock.

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