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American Financial Group, Inc. Announces Agreements to Sell Charleston Harbor Resort & Marina

1. AFG's subsidiary is selling Charleston Harbor Resort & Marina. 2. Sale includes a due diligence period of sixty days.

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FAQ

Why Bullish?

The sale of non-core assets can improve AFG's liquidity and focus. Historical examples show that divesting underperforming assets often leads to stock price increases.

How important is it?

This asset sale indicates strategic repositioning, likely improving investor confidence in AFG.

Why Short Term?

The immediate liquidity boost from the asset sale can enhance AFG’s financial position quickly. Similar past transactions have shown quick positive stock reactions.

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MARHHLT
CINCINNATI--(BUSINESS WIRE)--American Financial Group, Inc. (NYSE: AFG) announced today that a wholly-owned subsidiary of AFG has reached agreements (“Agreements”) to sell the hotel and related assets and the marina comprising Charleston Harbor Resort & Marina (“Charleston Harbor”), a premier resort property and marina located in Charleston, South Carolina. In addition to customary representations, warranties and closing conditions, each Agreement includes a sixty-day due diligence period d.

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