Loeb Partners on Mercer Insurance (MIGP): Whoops! Did We Say Liquidate - Sorry

In a quickly amended 13D filing Friday on Mercer Insurance Group Inc. (Nasdaq: MIGP), 5.17% holder Loeb Partners said they made a statement in error regarding the company. In the prior filing the company stated that they believed the company must sell itself or completely liquidate. The firm said this statement was inadvertent and is not their intention.

Thanks http://offthebeatenpathinvestments.blogspot.com/ for pointing this out.

The error could have been related to a bad cut and paste job from the firm's past 13D filing on ESS Technology, in which they called on the company to sell or completely liquidate.

Loeb Partners Wants Mercer Insurance (MIGP) Sold or Liquidated

In a 13D filing on Mercer Insurance Group Inc. (Nasdaq: MIGP), Loeb Partners disclosed a 5.17% stake (339,326 shares) in the company.

In the filing, the firm said it is their firm belief that the company has only one viable option, a sale or complete liquidation on a timely and cost-effective basis. The firm said it may engage in talks with the company or seek Board representation if this option is not pursued vigorously.

Loeb Partners Requests Sale or Complete Liquidation of ESS Technology (ESST)

In a 13D filing on ESS Technology, Inc. (Nasdaq: ESST), Loeb Partners disclosed an 8.83% stake in the company and said, "In light of the history of the Issuer, Loeb is of the firm belief that the Issuer has only one viable option, a sale or complete liquidation of the Issuer on a timely and cost-effective basis." The firm said it may engage in talks with the company or seek Board representation if this option is notpursued vigorously.

Loeb Partners Discloses 5% Stake in New Frontier Media (NOOF)

In a 13D filing on New Frontier Media, Inc. (Nasdaq: NOOF), Loeb Partners disclosed a 5.01% (1.2M share) stake in the company.

In a pretty standard discloser the firm said, "Loeb intends to review its investment in the Issuer 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 of the Issuer."

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.