MARIETTA, Pa., March 22, 2013 (GLOBE NEWSWIRE) -- Donegal Group Inc. ("DGI") today reported the commencement of an unsolicited tender offer for 962,636 shares of DGI's Class B common stock at a price of $30 per share in cash by Gregory Mark Shepard. The offer states it will expire April 19, 2013. DGI's Board of Directors, in the exercise of its fiduciary duties, will advise the holders of DGI Class B common stock by April 3, 2013:
- whether DGI recommends acceptance or rejection of the tender offer, expresses no opinion and remains neutral toward the tender offer or is unable to take a position with respect to the tender offer; and
- the reasons for the position DGI takes with respect to the tender offer.