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12. Subsequent Event
3 Months Ended
Mar. 31, 2016
Notes  
12. Subsequent Event

12.          Subsequent Event

 

In June 2016, IHC announced a “going private” transaction by way of a statutory “short-form" merger of AMIC with and into AMIC Holdings, Inc. (“Holdings”), a newly formed subsidiary into which IHC and one of its subsidiaries will contribute their shares of AMIC common stock, with Holdings continuing as the surviving corporation.  Subject to review by the Securities and Exchange Commission and consummation of the transaction, Holdings will own all of the outstanding shares of common stock of AMIC.  IHC is under no obligation to consummate the merger and could decide to withdraw from the transaction at any time before it becomes effective.