The Law Office of Abe Shainberg Announces Investigation of Transatlantic Holdings, Inc. – TRH
June 14, 2011 at 16:06 PM EDT
The Law Office of Abe Shainberg is 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 transaction, Transatlantic shareholders will receive 0.88 Allied World common shares for each Transatlantic share they own. Based on prior closing prices, the deal values Transatlantic 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. Indeed, Transatlantic reported a book value of $64.49 for the most recent quarter and 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 Abe Shainberg, Esq. either via email at email@example.com or by telephone at (212) 425-7286, or visit http://www.ashainberglaw.com/transatlantic-holdings.html.
Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.