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Transatlantic (TRH) urges shareholders to reject an offer by Validus (VR) to buy their stock and...
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Thursday, July 28, 2011, 10:56 AM ETTransatlantic (TRH) urges shareholders to reject an offer by Validus (VR) to buy their stock and adopts a poison-pill provision to cut off Validus' attempt at a hostile takeover. Transatlantic says its previously announced deal with Allied World Assurance (AWH) will "provide greater long-term value potential to Transatlantic stockholders."
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