AmTrust shares rally after capital injection

Shares in AmTrust surged nearly 15 percent in early trading today
as investors signalled their approval of a $300mn capital injection
announced yesterday evening.
The stock was trading up 14.6 percent at $14.24 as of 10:22
local time following yesterday's revelation that family of the
company's owners the Karfunkels had purchased 24.1 million
common shares at a price of $12.45 to "enhance AmTrust's
balance sheet and capital base".
The private placement is expected to close today. The insurer
sai