Warren Buffett’s conglomerate Berkshire Hathaway said it will launch a share buyback program, an extremely rare move from Buffett that comes after months of investor complaints that the stock was undervalued. Berkshire said it would buy back Class A and …
Reinsurer Transatlantic Holdings Inc said it received a renewed buyout offer of $52 a share in cash from Warren Buffett’s Berkshire Hathaway Inc but said the bid was too low. Transatlantic and Allied World Assurance Co Holdings Ltd called off …
Reinsurers Allied World Assurance Co. Holdings Ltd and Transatlantic Holdings Inc. called off their merger Friday in the face of overwhelming opposition, leaving Transatlantic to decide between two larger, unsolicited offers. Allied World said in a statement it would receive …
Reinsurer Validus Holdings increased the pressure on its target Transatlantic Holdings Wednesday, filing paperwork with regulators to ultimately replace Transatlantic’s board of directors. Transatlantic shareholders are due to vote next Tuesday on an all-stock offer from Allied World, which three …
Standard & Poor’s Ratings Services has removed both Transatlantic Holdings and Allied World Assurance Co. Holdings AG from its CreditWatch Positive, where they were placed on June 13, following the announcement of their merger agreement. S&P’s long-term counterparty credit rating …
Warren Buffett advanced his succession plan Monday by naming Ted Weschler, a low-profile hedge fund manager who has produced out-sized returns in the last decade, to help manage the investments of Berkshire Hathaway Inc. Weschler, 50, will start at the …
Warren Buffett will invest $5 billion in Bank of America Corp., stepping in to shore up the largest U.S. bank in the same way he helped prop up Goldman Sachs and General Electric during the financial crisis. Bank of America …
The largest shareholder in reinsurer Transatlantic Holdings Inc will oppose the company’s acquisition by Allied World, opening the door to two other suitors. Davis Selected Advisers, which owns 23.6 percent of Transatlantic, previously said it might oppose the deal, which …
Warren Buffett’s Omaha, Neb.-based company, Berkshire Hathaway, revealed new investments in retailer Dollar General and insurance data specialist Verisk Analytics along with several other adjustments in its $52.4 billion U.S. stock portfolio. Investors will have to wait a while to …
Transatlantic Holdings opened talks with a unit of Warren Buffett’s Berkshire Hathaway on Friday over a $3.2 billion takeover offer, adding a new twist in the battle for the reinsurer. The Berkshire unit, National Indemnity, entered into a confidentiality agreement …
