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Markel Corporation Announces Offering

Markel Corporation (NYSE: MKL) announced today that it plans to offer approximately 1.2 million shares of its common stock, which includes approximately 321,000 shares being sold by affiliates of CSFB Private Equity, formerly DLJ Merchant Banking, under the Company’s previously filed shelf registration statement. The Company intends to use the proceeds from the sale of shares by it to repay or retire outstanding debt. Goldman Sachs & Co. is the lead manager, and Credit Suisse First Boston Corporation and Merrill Lynch & Co. will serve as co-managers for the offering. ยป Read More

January 29th, 2014|