Transatlantic Holdings has agreed to discuss National Indemnity Co.’s offer to acquire all of its common stock for $52 per share.
Transatlantic said that the National Indemnity offer does not now constitute a “superior proposal” but that it is “reasonably likely” that it could lead to one.
The company said that it has a fiduciary duty to discuss the proposal with National Indemnity.
Transatlantic previously entered into a merger agreement with Allied World.
Was this article valuable?
Here are more articles you may enjoy.
How Insurers Know When It’s Time to Scale AI 
NAIC Victim of Cyber Incident Via PeopleSoft System 
US P/C Rebounds to Post Q1 Underwriting Gain; Net Income Doubles 
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In 
