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
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.
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.
The Law Offices of Vincent Wong Vincent Wong, Esq., 212-584-2740 Fax.