Transatlantic's (TRH) biggest shareholder, Davis Selected Advisors, says it opposes the...

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

Transatlantic's (TRH) biggest shareholder, Davis Selected Advisors, says it opposes the insurer’s proposed $2.9B merger with Allied World Assurance (AWH), a major blow to Transatlantic as it tries to fend off an unsolicited $3B takeover bid by Validus (VR). One wild card remains in the mix: TRH is in discussions about a potential takeover by a unit of Berkshire Hathaway (BRK.A).