On Aug. 30, Argonaut Group Inc. announced it had terminated the purchase and sale agreement with Queensway Financial Holdings Ltd. previously announced on April 18, 2001. Under the agreement, Argonaut Group was to have acquired certain U.S. subsidiaries of the Canadian holding company. Argonaut Group indicated that following the appointment of an interim receiver for Queensway by a Canadian court, the parties were unable to satisfy certain conditions to closing within the time frame set out in the original agreement.
Was this article valuable?
Here are more articles you may enjoy.
Truck Driver in Fatal Crash Repeatedly Failed Driving Tests, Florida AG’s Office Says 
Alaska Airlines Vows IT Upgrades After Outage Forces 400 Flight Cancellations 
Security First the Latest in Florida to Announce Home Insurance Rate Cut 
Catastrophe Bond Investors Told to Brace for Jamaica Payout From This Issue
