N@N

The Briscoe Law Firm Announces Investigation of Transatlantic Holdings, Inc.

^{Published on 2011-06-13 08:55:38 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--[ The Briscoe Law Firm, PLLC ], founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the securities litigation law firm of [ Powers Taylor, LLP ] are investigating potential legal claims against the Board of Directors of Transatlantic Holdings, Inc. (aTransatlantic Holdingsa or aTRHa) (NYSE: TRH) related to the takeover of Transatlantic Holdings by Allied World Assurance Company Holdings.

"Because the acquisition price does not represent a substantial premium to the shareholders, we do not believe that the acquisition price is fair for Transatlantic Holdingsa™ shareholders"

The definitive merger agreement, announced on June 12, 2011, involves a stock-for-stock transaction valued at approximately $3.2 billion. Under the proposed merger, Transatlantic Holdings shareholders will receive a fixed ratio of only 0.88 shares of Allied World Assurance Company common stock for each share of Transatlantic Holdings/TRH common stock they hold. The transaction is expected to close in fourth quarter of 2011.

The firms are investigating the fairness of the proposed transaction to Transatlantic Holdings shareholders and whether the shareholders are being underpaid for their stock. Based on Transatlantic Holdingsa™ closing price prior to the announcement, the acquisition price represents a value of only $51.10 per share to Transatlantic Holdings shareholders. However, Transatlantic Holdings/TRH shares closed at $50.50 as recently as April 2011. In addition, analysts have set the target price for Transatlantic Holdings shares between $53.00 and $60.00 per share. aBecause the acquisition price does not represent a substantial premium to the shareholders, we do not believe that the acquisition price is fair for Transatlantic Holdingsa™ shareholders,a said shareholder rights attorney Willie Briscoe.

If you currently own shares of Transatlantic Holdings/TRH and would like additional information regarding this investigation, or if you have information regarding the allegations involved in this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.

The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters nationwide, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.