MergerAug 3, 2026, 04:36 PM
Bowhead to be Acquired by American Family Insurance for $34/Share
AI Summary
Bowhead Specialty Holdings Inc. announced it has entered into a definitive merger agreement to be acquired by American Family Mutual Insurance Company, S.I. Bowhead stockholders will receive $34.00 in cash per share. The transaction, which has been approved by Bowhead's Board of Directors, is expected to close prior to the end of 2026, subject to stockholder and regulatory approvals. Upon completion, Bowhead will operate as a standalone entity within American Family, maintaining its brand, leadership, and New York headquarters.
Key Highlights
- Bowhead Specialty Holdings Inc. to be acquired by American Family Mutual Insurance Company, S.I.
- Bowhead stockholders will receive $34.00 in cash per share.
- Bowhead will operate as a standalone entity within American Family, with Stephen Sills continuing as CEO.
- Transaction is subject to Bowhead stockholder and regulatory approvals.
- The transaction is targeted to close prior to the end of 2026.
- Bowhead will become a private company, and its shares will no longer trade on the NYSE.
- Bowhead's headquarters will remain in New York, and its remote-friendly operating model will continue.
- Outstanding unvested RSUs will be replaced with restricted cash awards at the merger consideration.
Price Impact
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