Alleghany Corp is nearing a deal to purchase reinsurer Transatlantic Holdings Inc for about $3.4 billion, a source familiar with the matter said. Alleghany is expected to pay $59 per share to $60 per share in cash and stock for Transatlantic, the source said.
Transatlantic Holdings, Inc. (TRH) is a holding company. Shares of TRH traded higher by 1.19% or $0.64/share to $54.43. In the past year, the shares have traded as low as $43.85 and as high as $54.08. On average, 1087640 shares of TRH exchange hands on a given day and today's volume is recorded at 335404.
Alleghany Corporation is engaged, through Alleghany Insurance Holdings LLC (AIHL) and its subsidiaries RSUI Group, Inc. Shares of Y traded higher by 0.57% or $1.79/share to $314.26. In the past year, the shares have traded as low as $278.74 and as high as $342.71. On average, 16470 shares of Y exchange hands on a given day and today's volume is recorded at 6519.
Source
