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Transatlantic Holdings, Inc. - The Belle of the Ball
In November of 2011 Transatlantic Holdings, Inc., a global property and casualty reinsurance company, announced it had agreed to sell itself to Alleghany Corporation, ending "the most frenzied takeover battle" of 2011, which involved competitors, Warren Buffett's National Indemnity, and private equity investors. The agreement with Alleghany came after Transatlantic's failed effort at a merger of equals, and several other unsuccessful bids for the company, one that was hostile.
Keywords: Mergers ＆ Acquisitions;
insurance and reinsurance;
Mergers and Acquisitions;
Financial Services Industry;