Transatlantic (TRH) urges shareholders to reject an offer by Validus (VR) to buy their stock and...

|About: Transatlantic Holdings Inc. (TRH)|By:, SA News Editor

Transatlantic (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."