Transatlantic Holdings up 10% on Superior Merger Proposal from Validus Holdings

Transatlantic Holdings

is up 10% on a superior merger proposal from Validus Holdings

. 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 of $8.00 per share in cash. Transatlantic Holdings is currently trading at $53.99 in pre-market, a again of 10.14%.