Validus (VR) files with the SEC to return 7.7M shares of Transatlantic (TRH) - tendered in its...

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

Validus (VR) files with the SEC to return 7.7M shares of Transatlantic (TRH) - tendered in its bid to buy its rival - after saying certain conditions of its offer weren't satisfied. Transatlantic's board fought Validus's bid tooth and nail, opting in the end to accept Alleghany's (Y) $3.4B stock and cash deal.