-
Validus Responds to Transatlantic Board of Directors Announcement; Reiterates Commitment to its Superior Proposal
Wednesday, July 20, 2011 - 6:31am | 195Validus Holdings, Ltd. (NYSE: VR) today responded to yesterday's announcement by the Board of Directors of Transatlantic Holdings, Inc. (NYSE: TRH). Validus has delivered to the Board of Directors of Transatlantic a Superior Proposal that provides a 27.1% premium to the June 10, 2011...
-
Transatlantic Responds to Validus Proposal
Tuesday, July 19, 2011 - 4:28pm | 292Transatlantic Holdings, Inc. (NYSE: TRH) today announced that its Board of Directors, after consultation with its independent financial and legal advisors, has determined that the proposal set forth in the letter received from Validus Holdings, Ltd. (NYSE: VR) on July 12, 2011 to acquire all of...
-
Chubb Earnings Preview: Revenue, Earnings Expected to Fall from Previous Quarter
Monday, July 18, 2011 - 1:55pm | 552Now's the time to start prepping for Chubb (NYSE: CB)! Don't be caught off-guard: The company releases its next round of earnings this Thursday, July 21, 2011. Wondering what Wall Street is thinking ahead of Chubb's lastest earnings numbers? Get the latest predictions in our essential guide to...
-
Allied World Remains Fully Committed to Terms of Merger of Equals with Transatlantic
Monday, July 18, 2011 - 6:35am | 177Allied World Assurance Company Holdings, AG (NYSE: AWH) today affirmed that it remains fully committed to the terms of the merger with Transatlantic Holdings, Inc. (NYSE: TRH), which it believes provides the best value for all shareholders and the best prospects for long-term growth. Allied World...
-
Stifel Nicolaus Downgrading Validus Holdings
Thursday, July 14, 2011 - 7:49am | 91Stifel Nicolaus is downgrading shares of Validus Holdings, Ltd. (NYSE: VR) to Hold. In the note, Stifel Nicolaus writes, "Shares of VR trade at 0.89x current BV of $31.32. On the surface, the valuation looks cheap – and we believe it is – but we also believe that the valuation could remain...
-
Stifel Nicolaus Downgrades Validus Holdings To Hold, Removes PT
Thursday, July 14, 2011 - 7:28am | 26Stifel Nicolaus has downgraded Validus Holdings (NYSE: VR) from Buy to Hold and has removed its $40 price target.
-
KBW Discusses Transatlantic Holdings Merger
Thursday, July 14, 2011 - 6:47am | 237KBW is out with a research report on Transatlantic Holdings, Inc. (NYSE: TRH), as the company is merging with Allied World Assurance Co Holdings, AG. (NYSE: AH). It has a Market Perform rating and a $53 price target on Transatlantic Holdings. In a note to clients, KBW writes, "We believe the...
-
Validus Holdings Down Nearly 10% On Merger Proposal Announcement
Wednesday, July 13, 2011 - 1:54pm | 62Validus Holdings (NYSE: VR) is down nearly 10% on a merger proposal announcement from this morning. Under the terms of proposal, Transatlantic stockholders would receive the total consideration of $55.95 per Share, consisting of 1.5564 Validus voting common shares and special pre-closing dividend...
-
Citi Reiterates Buy and PT of $60 on Transatlantic Holdings
Wednesday, July 13, 2011 - 7:43am | 55Citi reiterated its Buy rating on Transatlantic Holdings (NYSE: TRH). At the same time, the rating agency left its price target on the company's stock unchanged at $60. On Tuesday, TRH closed the day at $49.02. Its shares added 7.92% to their value in today's pre-market trading to stand around $52....
-
Transatlantic Holdings up 10% on Superior Merger Proposal from Validus Holdings
Wednesday, July 13, 2011 - 6:50am | 73Transatlantic Holdings (NYSE: TRH) is up 10% on a superior merger proposal from Validus Holdings (NYSE: VR). Under the terms of proposal, Transatlantic stockholders would receive the total consideration of $55.95 per Share, consisting of 1.5564 Validus voting common shares and special pre-closing...
-
Allied World Announces Record Date for Special Meeting of Shareholders and Early Termination of Hart-Scott-Rodino Act Waiting Period
Wednesday, July 13, 2011 - 6:49am | 139Allied World Assurance Company Holdings, AG (NYSE: AWH) announced today that it has established a record date of July 22, 2011 for an extraordinary general meeting of its shareholders to consider and vote on proposals related to the previously announced agreement and plan of merger, dated as of...
-
Transatlantic Holdings Announces Record Date for Special Meeting of Stockholders and Early Termination of Hart-Scott-Rodino Act Waiting Period
Wednesday, July 13, 2011 - 6:32am | 118Transatlantic Holdings, Inc. (NYSE: TRH) today announced it has established a record date of July 22, 2011 for a special meeting of its stockholders to consider and vote on a proposal to adopt the previously announced agreement and plan of merger, dated as of June 12, 2011, by and among Allied...
-
Transatlantic Holdings Confirms Receipt of Unsolicited Proposal from Validus Holdings
Wednesday, July 13, 2011 - 6:30am | 113Transatlantic Holdings, Inc. (NYSE: TRH) today confirmed that it has received an unsolicited proposal from Validus Holdings, Ltd. (NYSE: VR) to acquire all of Transatlantic's outstanding shares of common stock. As previously announced on June 12, 2011, Transatlantic entered into a definitive...
-
Wunderlich Securities Reiterates Buy and Pt of $12 on Maiden Holdings
Wednesday, July 13, 2011 - 6:00am | 48Wunderlich Securities reiterated its Buy rating on Maiden Holdings (NASDAQ: MHLD). At the same time, the rating agency left its price target on the company's stock unchanged at $12. On Tuesday, Maiden added 0.1% to its value to finish the day at $9.72.
-
NASDAQ Stocks Hitting 52-Week Highs
Tuesday, July 12, 2011 - 9:13am | 124Radiant Systems Inc (NASDAQ: RADS) shares rose 31.19% to create a new 52-week high of $28.14. NCR Corp agreed to buy RADS for $1.2 billion in cash. Uroplasty Inc (NASDAQ: UPI) shares gained 1.68%to create a new 52-week high of $9.08. UPI shares have jumped 101.13% over the past 52 weeks, while the...