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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> Allied World Assurance

Allied World and Transatlantic nix merger

Posted by RJ and Makay on Sep 16, 2011

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Allied World Assurance Co. Holdings and Transatlantic Holdings, Inc. called off their merger today in the face of overwhelming opposition, and Transatlantic said it might remain independent despite two higher offers currently on the table.  Shareholders were to vote on the Allied deal next Tuesday, but it was anticipated that they would vote against it.