State National ends lengthy wait for deal

State National has been waiting for years to do this deal,
having brought in investment bank Evercore as far back as 2013 to
run a sale process ahead of an ultimate listing on the Nasdaq stock
market.
But after four or five years effectively on the market it has at
last found a 100 percent acquirer in Markel, with a $919mn all-cash
transaction announced earlier today.
Given strong growth and rising profits the difficulty in finding
an acquirer may be...