The stockholder vote is 10 days away. Monitor for any dissident stockholder activity or appraisal demands that could delay or alter the deal. The $34.00 per share price is fixed, so the primary risk is deal completion.
Price Chart
Executive Summary
This is Amendment No. 4 to the Schedule 13E-3 filed in connection with the going-private merger of Bowhead Specialty Holdings Inc. by American Family Mutual Insurance Company. The merger consideration remains $34.00 per share in cash, and the filing incorporates by reference the definitive proxy statement filed on October 14, 2026, plus additional definitive materials filed concurrently. The transaction is proceeding toward a stockholder vote on November 13, 2026, with the Non-Recused Directors unanimously recommending approval.
Key Facts
- Amendment No. 4 to Schedule 13E-3 filed November 3, 2026
- Merger consideration: $34.00 per share in cash
- 32,943,005 common shares outstanding as of June 30, 2026
- Special stockholder meeting scheduled for November 13, 2026
- Non-Recused Directors unanimously recommend approval
- Merger expected to close by year-end 2026, subject to stockholder and regulatory approvals
- Concurrent filing of additional definitive proxy materials
Financial Impact
Total enterprise value approximately $1.2 billion; $34.00 per share cash consideration
Risk Factors
- Stockholder vote may not achieve required majority approvals
- Appraisal demands could create legal costs or delays
- Regulatory approvals may not be obtained or may impose conditions
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13E-3/A Filing (Primary) | 0001140361-26-041838 |
| Document: 0001140361-26-041838-index-headers.html | 0001140361-26-041838 |
| Document: 0001140361-26-041838-index.html | 0001140361-26-041838 |
| Document: 0001140361-26-041838.txt | 0001140361-26-041838 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Nov 3, 2026 1d ago | SC 13E-3/A | $34.34 | awaiting T+20 | awaiting T+20 | $34.10 (−0.70%) |
Nov 3, 2026 1d ago | DEFA14A | $34.34 | awaiting T+20 | awaiting T+20 | $34.10 (−0.70%) |
Nov 3, 2026 1d ago | 8-K | $34.16 | awaiting T+20 | awaiting T+20 | $34.10 (−0.18%) |
Oct 14, 2026 21d ago | SC 13E-3/A | $33.99 | awaiting T+20 | awaiting T+20 | $34.10 (+0.32%) |
Oct 14, 2026 21d ago | DEFM14A | $33.99 | awaiting T+20 | awaiting T+20 | $34.10 (+0.32%) |
Oct 6, 2026 29d ago | SC 13G | $34.03 $34.17 | ▲ +0.40% | ▲ +1.64% | $34.10 (+0.21%) |
Oct 5, 2026 4w ago | SC 13E-3/A | $33.78 $34.16 | ▲ +1.12% | ▲ +4.30% | $34.10 (+0.95%) |
Sep 23, 2026 6w ago | SC 13E-3/A | $33.87 $34.10 | ▲ +0.68% | ▲ +1.10% | $34.10 (+0.68%) |
Aug 28, 2026 9w ago | PREM14A | $33.52 $33.77 | ▲ +0.75% | ▲ +0.93% | $34.10 (+1.73%) |
Aug 3, 2026 13w ago | 8-K | $33.69 $33.52 | ▼ −0.50% | ▼ −1.74% | $34.10 (+1.22%) |
US Market Status
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