A unit of Warren Buffett's Berkshire Hathaway Inc (BRKa.N) jumped into the bidding war over Transatlantic Holdings Inc (TRH.N), offering to purchase the reinsurer for $3.24 billion. Transatlantic's board said on Sunday it would "carefully consider and evaluate" the $52-per-share offer by Berkshire unit National Indemnity Co. Buffett's bid tops two rival offers put before Transatlantic. Transatlantic has an agreement to be bought by Allied World Assurance Company Holdings Ltd (AWH.N) in a deal currently worth $44.22 per share, or $2.75 billion.
Transatlantic Holdings, Inc. (TRH) is a holding company. Shares of TRH fell by 1.45% or $-0.74/share to $50.32. In the past year, the shares have traded as low as $43.85 and as high as $54.08. On average, 780586 shares of TRH exchange hands on a given day and today's volume is recorded at 332461.
Allied World Assurance Company Holdings, AG, formerly Allied World Assurance Company Holdings, Ltd. Shares of AWH fell by 0.69% or $-0.37/share to $53.58. In the past year, the shares have traded as low as $48.21 and as high as $65.70. On average, 346792 shares of AWH exchange hands on a given day and today's volume is recorded at 270588.
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