Transatlantic (TRH) announces receipt of a reinstated offer from Buffett's National Indemnity...

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

Transatlantic (TRH) announces receipt of a reinstated offer from Buffett's National Indemnity (BRK.A) for $52/share, set to expire at the end of business today. Believing its book value to be $69-$70, the Transatlantic Board rejects the offer, saying it "would not deliver fair value to its shareholders." (PR)