EMC Insurance retains legal counsel, financial advisor for proposal
EMC Insurance Group announced that the special committee of its board of directors has retained Willkie Farr & Gallagher as the special committee's legal counsel and Sandler O'Neill + Partners, L.P. as its independent financial advisor in connection with its review, evaluation and response to the non-binding proposal letter dated November 15, 2018 from Employers Mutual Casualty Company to acquire all of the outstanding common stock of the Company not already owned by EMCC. The special committee is considering and evaluating the proposal. The committee cautions the company's stockholders and others considering trading in the company's common stock that no decisions have been made with respect to the company's response to the proposal. There can be no assurance that any definitive agreement will be finalized and executed or that the proposed transaction or any other transaction will be approved or consummated. The company does not undertake any obligation to provide updates with respect to this or any other transaction, except as required under applicable law.