CNA Financial in Unsolicited Minority Buyout Proposal for CNA Surety
February 21, 2011
Cleary Gottlieb is representing Goldman, Sachs & Co., as financial advisor to the Special Committee of the Board of Directors of CNA Surety in connection with the unsolicited proposal by CNA Financial, the majority stockholder of CNA Surety, to acquire the shares of CNA Surety that CNA Financial does not already own. CNA Surety is the largest publicly traded surety organization in the United States. CNA Financial is the country’s seventh largest commercial insurance writer and the 13th largest property and casualty company.