Feb. 3, 2015, 1:46 PM
- Alleghany (Y +0.6%) and Europe's Scor are mulling the idea of "jumping" the Axis Capital (AXS -0.8%)/PartnerRe (PRE +3.5%) merger, reports The Insurance Insider.
- The two think they may be able to put together a deal compelling enough for PartnerRe to walk away from the transaction.
- Previously: Citi not impressed with today's reinsurance M&A deal (Jan. 26)
Nov. 23, 2011, 5:15 AM
Nov. 21, 2011, 8:12 AM
As expected, Alleghany (Y) confirms it will buy reinsurer Transatlantic (TRH +4.7%) for $3.4B in cash and stock, or $59.79/share. That's a 10% premium on TRH's Friday close. The deal theoretically ends a long process involving a series of suitors for TRH, although it's already called off an M&A with Allied World. (previous) (PR)| Nov. 21, 2011, 8:12 AM
Nov. 21, 2011, 4:50 AM
Transatlantic (TRH) is in talks with yet another suitor, Alleghany (Y), and the firms may even announce their engagement today, reports say. Alleghany will pay about $59-60 a share, a premium of up to 10% on Transatlantic's close on Friday. The price values Transtlantic at $3.4B, above Alleghany's market cap of $2.7B. (previous)| Nov. 21, 2011, 4:50 AM