Deals
Transatlantic Sued Over Deal to Sell Company to Alleghany
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Transatlantic Holdings Inc. stockholders sued the reinsurer in New York over its agreement to be taken over by Alleghany Corp. for $3.4 billion in cash and stock.
Alleghany, an insurer based in New York, yesterday announced that it had agreed to buy New York-based Transatlantic Holdings, capping months of takeover interest in the company, a former American International Group Inc. unit that helps insurance companies pool their biggest risks.