Global specialty insurer Alleghany Corporation and reinsurer Transatlantic Holdings announced this week the completion of their previously announced merger. With the closing of the transaction, Transatlantic is now an independent stand-alone subsidiary of Alleghany. Alleghany CEO Weston Hicks commented on …
Alleghany Corp. said its stockholders voted on Monday to approve the previously announced merger agreement with Transatlantic Holdings. Under the deal, as described in the merger agreement between Alleghany and Transatlantic last November, Transatlantic will be acquired and become an …
Transatlantic Holdings Inc., a reinsurer which has been at the center of a buyout battle, has now agreed to be acquired by Alleghany Corp. The cash-and-stock deal is valued at around $3.4 billion. The announced deal could finally put to …
The ongoing battle between Validus Holdings and Transatlantic is heating up again, as Validus announced a series of moves aimed at convincing Transatlantic’s shareholders to accept its merger offer. On November 3, it amended its prior offer. On Nov. 4 …
Bermuda-based reinsurer Transatlantic Holdings Inc , which has been at the center of a months-long buyout battle, said it entered talks and signed a confidentiality agreement with a fourth, unnamed, suitor. Transatlantic is already in discussions with Validus Holdings Ltd., …
Allied World Assurance Co. Holdings Ltd.’s withdrawal from a bidding race for Transatlantic Holdings may have cost it the chance to beef up its portfolio, but a nimbler Allied may be better able to navigate choppy markets. Zurich-based Allied’s stock …
Transatlantic Holdings said Monday it has entered into deal talks with an undisclosed bidder, adding a fresh twist in a months-long takeover saga and sending the reinsurer’s shares up sharply. For nearly four months, Transatlantic has been the subject of …
After rejecting offers from both Allied World Assurance and Berkshire Hathaway’s National Indemnity, Transatlantic Holdings has opened the door to another formerly rejected suitor, Validus Holdings, Ltd. The two companies have entered into a confidentiality agreement with, which paves the …
Reinsurer Transatlantic Holdings Inc said it received a renewed buyout offer of $52 a share in cash from Warren Buffett’s Berkshire Hathaway Inc but said the bid was too low. Transatlantic and Allied World Assurance Co Holdings Ltd called off …
Reinsurers Allied World Assurance Co. Holdings Ltd and Transatlantic Holdings Inc. called off their merger Friday in the face of overwhelming opposition, leaving Transatlantic to decide between two larger, unsolicited offers. Allied World said in a statement it would receive …
