what a nonsense - offering half of asset value. they are just...

what a nonsense - offering half of asset value. they are just hoping that AFG will be desperate to sell their block to cash up , but shareholders would be mad to sell at half price when the company is making money and paying a div. i.e. in no distress.

they could just sell off some assets and return cash to shareholders if that is what they wanted. remember their investments are a long term strategy, this is not the time to sell out