Likely pushed into exploring a sale by a shareholder, Meridian Insurance Group Inc. (MIG) has hired A.G. Edwards to help it consider strategic options. In August and September, 20% owner Gregory Shepard and his American Union Insurance Group had made hostile bids of $20 per share and then $25 per share for the remainder of the $140 million market cap company. Observers at that time said it was highly unlikely MIG would ever sell to Shepherd.
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