On Aug. 30, Argonaut Group Inc. announced it had terminated the purchase and sale agreement with Queensway Financial Holdings Ltd. previously announced on April 18, 2001. Under the agreement, Argonaut Group was to have acquired certain U.S. subsidiaries of the Canadian holding company. Argonaut Group indicated that following the appointment of an interim receiver for Queensway by a Canadian court, the parties were unable to satisfy certain conditions to closing within the time frame set out in the original agreement.
Was this article valuable?
Here are more articles you may enjoy.
Trump’s EPA Rollbacks Will Reverberate for ‘Decades’ 
Trump Demands $1 Billion From Harvard as Prolonged Standoff Appears to Deepen 
AIG Underwriting Income Up 48% in Q4 on North America Commercial 
Allstate CEO Wilson Takes on Affordability Issue During Earnings Call From This Issue
