other material
confidence high
sentiment neutral
materiality 0.70
James River board launches strategic alternatives review, including potential sale
James River Group Holdings, Inc.
- Board will consider a wide range of options including sale, merger, or other strategic transaction.
- No timetable set; no assurance that any transaction will result from the process.
- Financial advisors retained: Citi and Ardea Partners.
- Chairman Ollie Sherman cites past actions to de-risk and strengthen balance sheet.