The Law Office of Jack Stuart Beige & Associates, P.C. announces that it is investigating the Board of Directors of National Interstate Corporation (“National Interstate”) (NASDAQ: NATL) for possible breaches of fiduciary duties and other violations of law in connection with National Interstate’s agreement to be acquired by a subsidiary of American Financial Group, Inc. (“AFG”).
Under the terms of the proposal, public stockholders of National Interstate would receive $28.00 per share in cash for each share of National Interstate they own.
The investigation concerns whether National Interstate’s Board of Directors breached its fiduciary duties to stockholders, whether the proposed consideration to be paid to National Interstate’s stockholders would be fair and adequate, and whether National Interstate is acting in its stockholders’ best interests.