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American Overseas repurchases $10 million series A preference shares
By Cady Vishniac
Detroit, Oct. 23 – American Overseas Group Ltd. repurchased $10 million of its series A preference shares from an undisclosed holder, according to a company announcement.
After liquidation, $3.6 million of the liquidation value of the shares will be outstanding.
American Overseas Group is the Hamilton, Bermuda-based holding company for American Overseas Reinsurance Co. Ltd., a property/casualty reinsurance company.
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