In the month of November of 2011 Transatlantic Holdings, Incorporation, a worldwide property and casualty reinsurance company, declared it had agreed to sell itself to Alleghany Corporation, stopping "the most frenzied takeover conflict" of 2011, which involved adversaries, Warren Buffett's National Indemnity, and private equity investors.
The deal with Alleghany came subsequent to the failed attempt at a merger of equals, and several other unsuccessful bids for the business, one that was hostile of Transatlantic.
Transatlantic Holdings, Inc. - The Belle of the Ball Case Study Solution
PUBLICATION DATE: July 27, 2012 PRODUCT #: 313017-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING