RTTNews | Sep 13, 2021 09:03AM EDT

09:02 Monday, September 13, 2021 (RTTNews.com) - Capital Returns Management, LLC, one of the largest shareholders of Argo Group International Holdings, Ltd. (ARGO), sent a letter to the Company's Board of Directors on Monday urging the Board to commence a strategic alternatives process and objectively consider a sale of the full Company.

In the letter, Capital Returns expressed the belief that Argo has an exceptional U.S. specialty business whose results are both restricted by capital constraints and obscured by Argo's lackluster international businesses.

Capital Returns also concluded that "exploring the sale of the entire Company is the optimal and necessary next step to maximize shareholder value."

Capital Returns believes that such a sale could yield a price of $80 per Argo share, or more, based on a sum-of-the-parts analysis and comparable trading multiples.

Read the original article on RTTNews ( https://www.rttnews.com/3225198/capital-returns-urges-argo-group-to-commence-strategic-alternatives-including-sale-quick-facts.aspx)

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