discussions News

ING in Restructuring Talks with EC, Dutch Government

Dutch bank and insurer ING, forced to sell assets in return for receiving state aid during the financial crisis, said on Tuesday it was in talks with the Dutch government and the European Commission over an amended restructuring plan. The …

Transatlantic Says National Indemnity Offer May Lead to ‘Superior Proposal’

Transatlantic Holdings has agreed to discuss National Indemnity Co.’s offer to acquire all of its common stock for $52 per share. Transatlantic said that the National Indemnity offer does not now constitute a “superior proposal” but that it is “reasonably …

Guernsey Removed from U.S. “Blacklist”

The island of Guernsey’s Chief Minister, Lyndon Trott, met with officials in Washington this week as part of a series of discussions that have been conducted for a number of years. The dialogue between U.S. officials and the island’s representative …

Lloyd’s Novae calls off Merger talks with Omega

Lloyd’s Novae Group plc announced that it has informed the advisers of Omega Insurance, another Lloyd’s insurer that it “has withdrawn from merger discussions.” Novae said it has “concluded that it is unlikely a transaction can be structured at this …