Fairfax Financial to buy Allied World for $4.9 billion in cash-and-stock deal www.reuters.com
Fairfax Financial Holdings Limited (FFH.TO) and Allied World Assurance Company Holdings Ltd (AWH.N) said on Sunday they agreed to merge in a $4.9 bln cash-and-stock deal, according to a joint news release.
The offer with dividend amounted to $54 per share for Allied World, or an 18 percent premium above the insurance company's closing price on Friday, the release said.
Published Date:2016-12-19