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.