Fairfax American Safety acquisition News

American Safety Insurance Holdings Ltd. said its shareholders approved the merger plan between the company with Fairfax Bermuda Holdings Ltd. Under the terms, the company’s shareholders will receive $30.25 for each share of the company’s common stock. Approximately 84.48 percent …

Bermuda-based American Safety Insurance Holdings, Ltd. announced that Fairfax Financial Holdings Limited has increased its offer to purchase American Safety to $30.25 per share from the previously announced $29.25 per share. American Safety said its board of directors “has approved …