Meadowbrook Insurance Group files $125 million shelf, $30.38 million secondary share offering

By Jennifer Chiou

New York, May 24 - Meadowbrook Insurance Group, Inc. registered to sell up to $125 million of securities in an S-3 filing with the Securities and Exchange Commission.

Covered by the shelf are common stock, preferred stock and warrants. Preferred stock may be structured as convertibles.

Proceeds will be used for general corporate purposes.

The registration also covers a secondary offering of 2,657,935 shares offered by selling shareholders at a proposed maximum offering price of $11.43 per share, for a total offering price of $30,380,198.

The Southfield, Mich.-based company is a holding company for its wholly owned subsidiary Star Insurance Co.

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