Alterra Capital Holdings Limited (ALTE) Is Investigated by Faruqi & Faruqi, LLP for Potential Breaches of Fiduciary Duties

  Alterra Capital Holdings Limited (ALTE) Is Investigated by Faruqi & Faruqi,
  LLP for Potential Breaches of Fiduciary Duties

Business Wire

NEW YORK -- January 17, 2013

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New
York City, is investigating the Board of Directors of Alterra Capital Holdings
Limited (“Alterra” or the “Company”) (NASDAQ: ALTE) for potential breaches of
fiduciary duties in connection with their conduct related to the sale of the
Company to Markel Corp. (“Markel”) (NYSE: MKL) in a cash-and-stock deal valued
at approximately $3.13 billion. Under the terms of the proposed transaction,
Alterra’s stockholders will receive 0.043 Markel share and $10 in cash for
each share of Alterra common stock they own. Based on Markel’s closing price
of $459.30 as of January 16, 2013, the deal values Alterra at about $29.75 a
share, while according to Yahoo! Finance, at least one financial analyst has
set a price target of $31 for Alterra.

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is no cost or obligation to you.

The investigation focuses on whether Alterra’s Board of Directors breached
their fiduciary duties to the Company’s stockholders by failing to conduct an
adequate and fair sales process prior to agreeing to this proposed
transaction, whether and by how much this proposed transaction undervalues the
Company to the detriment of Alterra’s shareholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and
individuals in class action litigation. The firm is focused on providing
exemplary legal services in complex litigation in the areas of securities,
shareholder, antitrust and consumer litigation, throughout all phases of
litigation. The firm has an experienced trial team which has achieved
significant victories on behalf of the firm’s clients.

If you own common stock in Alterra and wish to obtain additional information
and protect your investments free of charge, please visit us at or contact Juan E. Monteverde, Esq. either via e-mail
at or by telephone at (877) 247-4292 or (212)


Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330

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Faruqi & Faruqi, LLP
Juan E. Monteverde, Esq.
(877) 247-4292 or (212) 983-9330
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