Transatlantic Holdings has agreed to discuss National Indemnity Co.’s offer to acquire all of its common stock for $52 per share.
Transatlantic said that the National Indemnity offer does not now constitute a “superior proposal” but that it is “reasonably likely” that it could lead to one.
The company said that it has a fiduciary duty to discuss the proposal with National Indemnity.
Transatlantic previously entered into a merger agreement with Allied World.
Was this article valuable?
Here are more articles you may enjoy.
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
Trump’s Repeal of Climate Rule Opens a ‘New Front’ for Litigation 
‘Structural Shift’ Occurring in California Surplus Lines 
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk 
