All Mergers & Acquisitions articles
-
Online onlyNoonan accuses Transatlantic board of time wasting
Validus CEO Ed Noonan has accused Transatlantic board of wasting time and a failure to pursue the best possible outcome for its shareholders.In a letter sent directly to Transatlanic shareholders, Noonan said: “Since Validus made its superior proposal on July 12, Transatlantic’s board of directors has wasted more than six ...
-
-
-
Online onlyMontpelier takes on Torus cat book
Montpelier Re has agreed to acquire the renewal rights of fellow Bermudian (re)insurer Torus's property catasrophe reinsurance business. As part of the deal, Torus will provide sidecar capacity to Montpelier from 1 January 2012. "With the continued expansion opportunities we see in our insurance operations, along with our modest ambitions ...
-
-
-
-
AnalysisComment: Third bid lucky for Transatlantic
Despite the strengths of the other two bids, National Indemnity’s offer for Transatlantic looks like a winner
-
-
-
-
-
Online onlyNoonan: Transatlantic directors ‘burying heads in sand’
Validus chief executive Ed Noonan has hit back at Transatlantic’s rejection of his firm’s offer, accusing Transatlantic’s board directors of “wilfully burying their heads in the sand”.Yesterday Transatlantic issued a statement urging its shareholders to reject Validus’s offer of 1.5564 Validus shares and $8 in cash for each Transatlantic share. ...
-
-
-
-
-
-
AnalysisComment: Why Validus and Transatlantic are a good fit
A Validus/Transatlantic merger has a number of compelling features in its favour, not to mention Ed Noonan’s legendary determination
-
