Tuesday, February 27, 2007

Loeb Partners Accumulates 5.15% Stake in National Atlantic Holdings (NAHC)

In a 13D filing on National Atlantic Holdings Corporation (NASDAQ: NAHC) Loeb Partners disclosed a 5.15% stake (575K shares) in the company.

Loeb said it intends to review its investment in NAHC on a continuing basis and may engage in discussions with management or the Board of Directors of the Issuer concerning the business and future plans.

In December, National Atlantic said preliminary discussions with The Commerce Group, Inc. (NYSE: CGI) regarding a potential business combination or other strategic transaction have been terminated by mutual agreement of the parties.

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