U.S. property and casualty insurer Alleghany Corp said it would purchase reinsurer Transatlantic Holdings for $3.4 billion in cash and stock, possibly putting an end to the months-long takeover battle for the reinsurer.The Alleghany offer values the reinsurer at nearly $5 more per share than Validus Holdings Ltd's latest offer, which may help Transatlantic ward off Validus' hostile takeover pitch.Transatlantic, formerly controlled by insurer AIG , was also courted by Allied World Holding, National Indemnity, a unit of Warren Buffet's Berkshire Hathaway among other suitors.In June, Transatlantic had agreed to merge with Allied World, but the deal was called off in the face of competing offers and opposition from its largest shareholder Davis Selected Advisors.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-A remained unchanged at $112890.00. In the past year, the shares have traded as low as $98952.00 and as high as $131463.00. On average, 69772 shares of BRK-A exchange hands on a given day and today's volume is recorded at 0.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-B remained unchanged at $75.37. In the past year, the shares have traded as low as $65.35 and as high as $87.65. On average, 7701320 shares of BRK-B exchange hands on a given day and today's volume is recorded at 0.
Transatlantic Holdings, Inc. (TRH) is a holding company. Shares of TRH remained unchanged at $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 195380.
Alleghany Corporation is engaged, through Alleghany Insurance Holdings LLC (AIHL) and its subsidiaries RSUI Group, Inc. Shares of Y remained unchanged at $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 0.
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