Investors Demand AP Capital CEOs Resignation After $77 Million 3Q Loss
American Physicians Capital announced that an investment banking firm will explore options for the Midwest medical malpractice insurer, about a week after investors demanded the resignation of the chief executive officer and the sale of the company.
On Nov. 21, AP Capital in East Lansing, Mich., issued a statement saying that its board of directors has engaged New York-based investment banking firm Sandler ONeill & Partners, L.P. to help “in exploring options for maximizing shareholder value.”
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