Harwood Feffer LLP Announces Investigation of Transatlantic Holdings, Inc.
June 13, 2011 at 15:06 PM EDT
Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Transatlantic Holdings, Inc. (NYSE: AWH) (“Transatlantic” or the “Company”) concerning possible breaches of fiduciary duty and other violations of law related to a proposed sale of the Company to Allied World Assurance Company Holdings AG (“Allied”) in a transaction valued at approximately $3.2 billion.
On June 12, 2011, Transatlantic and Allied announced that they had entered into a definitive merger agreement. Under the terms of the agreement, Transatlantic shareholders would receive 0.88 Allied common shares for each Transatlantic common share held. Our investigation concerns possible breaches of fiduciary duty and other violations of law related to the process for evaluation of the proposed transaction by the Company's board of directors. Analysts’ price targets for the stock exceed the per share value to be received by the Transatlantic shareholders.
If you own shares of Transatlantic and would like to learn more about these claims, or if you have additional information regarding this investigation, please contact Robert I. Harwood, Esq. at email@example.com or Daniella Quitt, Esq. at firstname.lastname@example.org or toll free at (877) 935-7400. For more information about class action litigation, please visit our website: www.hfesq.com.
Harwood Feffer LLP is a national shareholder litigation firm. Harwood Feffer LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.
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