Business & Finance
Business and Finance
Business and Finance
Fri, June 17, 2011
Thu, June 16, 2011 The Law Offices of Vincent Wong Announce an Investigation into Transatlantic Holdings, Inc.
NEW YORK--([ BUSINESS WIRE ])--The Law Offices of Vincent Wong are investigating the Board of Directors of Transatlantic Holdings, Inc. (NYSE: TRH) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Allied World Assurance Company Holdings, AG (NYSE: AWH). Under the terms of the proposed deal, Transatlantic shareholders will receive 0.88 Allied World common shares for each Transatlantic share they own. The deal values TRH stock at approximately $51.10 per share for a total transaction value of approximately $3.2 billion.
The investigation concerns whether the Transatlantic Board of Directors breached their fiduciary duties to Transatlantic stockholders by failing to adequately shop the Company before entering into this transaction and whether Allied World is underpaying for Transatlantic shares. In particular, at least one analyst has set a price target for Transatlantic stock at $60.00 per share.
If you own common stock in Transatlantic and wish to obtain additional information, please contact Vincent Wong, Esq. either via email [ vw@wongesq.com ], by telephone at 212.584.2740, or visit [ http://www.wongesq.com/transatlantic-holdings.html ].
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
