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Phone: (501) 312-8500
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Transatlantic Holdings, Inc. (NYSE: TRH) – Investor Alert
Carney Williams Bates Pulliam & Bowman, PLLC (“Carney Williams”) is investigating potential claims against the Board of Directors of Transatlantic Holdings, Inc. (“Transatlantic” or the “Company”) for potential breaches of fiduciary duties in connection with the Board’s decision to sell the company to Allied World Assurance Company Holdings, AG (“Allied”).
Specifically, Carney Williams’ investigation focuses on whether the Board conducted an adequate and fair sales process to secure the best possible price for Transatlantic shareholders prior to entering into a definitive agreement with Allied.
Under the terms of the transaction, Transatlantic shareholders stock is valued at approximately $51.10 per share. Within the past year the Company’s stock has traded above the target price, raising questions as to whether the agreed upon price properly maximizes shareholder value. Transatlantic shareholders would receive $0.88 shares of Allied stock for each Transatlantic stock they own. The transaction is valued at approximately $3.2 billion and is expected to close in the fourth quarter of 2011.
If you currently own stock in Transatlantic and would like to be advised of your rights in this matter, you may contact Carney Williams today. There is no cost to you.
For more information about your rights, contact, Randall Pulliam or Darrin Williams of Carney Williams or call toll free at 1-888-551-9944.