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Allied will exchange 0.88 of a share for each Transatlantic shares to create TransAllied Group Holdings AG, with Transatlantic's shareholders owning about 58% of the combine company.
Transatlantic Holdings (NYSE:TRH) and Allied World Assurance Company Holdings (NYSE:AWH) agreed to merge in a $3.2 billion deal that creates a reinsurer with operations in 18 countries, according to a Bloomberg report.
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Shares of Exeter Resource (AMEX:XRA) traded at a new 52-week low today of $0.69. Appro ...
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Shares of Vale (NASDAQ:VALE) traded today at $15.37, breaking its 52-week low. This ne ...
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Toro (NYSE:TTC) traded at a new 52-week high today of $49.38. So far today approximate ...
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Shares of Synopsys (NASDAQ:SNPS) traded at a new 52-week high today of $36.29. Approxi ...
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Stein Mart (NASDAQ:SMRT) traded at a new 52-week high today of $12.09. This new high w ...
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Pacific Sunwear (NASDAQ:PSUN) traded today at a new 52-week high of $3.45. This new hi ...
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Shares of Pfsweb (NASDAQ:PFSW) traded today at $4.60, breaking its 52-week high. So fa ...
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Shares of NextEra Energy (NYSE:NEE) traded today at $30.37, breaking its 52-week low. ...
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...
The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...
CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.
Goldman served as CFO at his most recent employer, Fortinet, having worked at Siebel Systems, Sybase,...
