T. Rowe Price Opposed to Buyout of Ohio Insurance Company

A major shareholder of an Ohio-based insurance company is opposing a proposed buyout of the firm, citing concerns over the deal process and further fueling a takeover battle that has divided a boardroom in recent weeks.
T. Rowe Price Group Inc. TROW -0.94% said in a filing it won't sell its shares into a $30-a-share bid from National Interstate...