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Law Offices of Howard G. Smith Announces Investigation of Transatlantic Holdings, Inc.

^{Published on 2011-06-13 20:00:30 - Market Wire}
 

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Transatlantic Holdings, Inc. (aTransatlantica or the aCompanya) (NYSE: TRH) related to the Companya™s agreement to be acquired by Allied World Assurance Company Holdings, AG (aAllied Worlda) in a proposed transaction where Transatlantic shareholders will receive 0.88 Allied World common shares for each Transatlantic common share held.

Following the merger, Transatlantic shareholders will own approximately 58% of the combined company on a fully diluted basis, with Allied World shareholders owning approximately 42%. The transaction is expected to be completed in the fourth quarter of 2011. The investigation concerns whether the board of directors of Transatlantic breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction.

If you are a shareholder of Transatlantic, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].