Subject: Re: Slightly OT: MKL for sale
I didn’t read that as MKL being for sale. Maybe some or all of their ventures businesses and maybe some of their less successful insurance businesses.

I get that some of the phrases they used in the press release can mean “exploring a sale” but I would be surprised if MKL sold the entire company.

Their intrinsic value calc eliminates the float liability entirely. Does it include deferred tax liabilities? I’m out of the office and can’t tell