Getting your player ready...
DENVER—Gov. Bill Ritter has decided to go ahead with a study by an investment banker on the possible sale of the state’s interest in Pinnacol Assurance, a state-chartered worker compensation insurer.
Ritter hasn’t decided whether the state should sell its share but agreed to meet with Morgan Stanley to determine what the stake is worth, chief counsel Trey Rogers says.
Rogers says Pinnacol has agreed to pay Morgan Stanley’s fees, which were set at $250,000 a quarter and $50,000 a quarter in legal fees.
