Capital Returns makes activist move over Farm Bureau P&C’s take-private bid for FFG

FBL, Farm Bureau, Iowa Farm bureau

Capital Returns president Ron Bobman has described the $47-a-share bid by Iowa’s Farm Bureau P&C Insurance Company (FBPC) to take private its affiliated New York-listed life insurer FBL Financial Group (FFG) as “grossly inadequate” and “rife with potential and actual conflicts of interest”.

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