The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1000 GMT on Monday: ** U.S. property and casualty insurer Alleghany Corp is nearing a deal to purchase Transatlantic Holdings Inc for about $3.4 billion, a source familiar with the matter told Reuters, in the latest twist in a drawn-out battle for the reinsurer.** The head of Japan's Aozora Bank said he would consider the acquisition of a rival or even the sale of Aozora as among "strategic options to enhance corporate value" as it explores ways to pay back $2.3 billion in public money.
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 0.
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.
Source
