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.
Police Am-Bush Catches 74 Drivers Using Cell Phones 
Why El Niño’s Promise of Quieter Hurricane Season May Not Be Good News for Insurers 
NHTSA Says Some Older Ford Cars, SUVs Pose Unreasonable Safety Risks 
Record-Low Danube Water Levels Leave Boats Beached, Reveal Decades-Old Shipwrecks 
