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Article: American Medical investor seeks change
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- September 1, 2001
- Author:
CopyrightCopyright 2001 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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American Medical investor seeks change
Filing calls for sale or new management
By JOE MANNING
of the Journal Sentinel staff
Saturday, September 1, 2001
For the second time since 1999, American Medical Security Group
Inc. investor Caxton Associates LLC on Friday called for the small-
group health insurer to be sold or undergo a management change.
New York-based Caxton Associates, controlled by investor Bruce
Kovner, sought the action in a regulatory filing. Caxton, which owns
5.7% of the company's stock, called American Medical shares
"undervalued."
Shares of Green Bay-based American Medical closed Friday at $6.69,
down 10 cents. Shares hit a low for the year of $4.85 Aug. 7.
Kovner claims ...