GREAT AMERICAN INSURANCE COMPANY ANNOUNCES DEFINITIVE PRORATION FACTOR IN TENDER OFFER FOR COMMON STOCK OF STI GROUP, INC.
CINCINNATI, Jan. 12 /PRNewswire/ -- Great American Insurance Company, a wholly owned subsidiary of American Financial Corporation, today announced that 9,552,019 shares were tendered pursuant to its offer to purchase 5,140,973 shares of common stock of STI Group, Inc. on a pro rata acceptance basis at $7.25 per share. The definitive proration factor was 53.82 percent. Checks for shares accepted will be mailed early next week. It is anticipated that stock certificates for shares not accepted will be mailed by the end of the month. Stockholders of STI Group may obtain other information concerning the offer from the Information Agent, Morrow & Co., Inc., 345 Hudson Street, New York, New York 10014, 212-741-5511 or 800-533-7254. -0- 1/12/93 /CONTACT: Sandra W. Heimann of Great American Insurance Company, 513-579-2121/
CO: Great American Insurance Company ST: Ohio IN: INS SU: OFR
KK -- CL004 -- 3875 01/12/93 09:29 EST
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|Date:||Jan 12, 1993|
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