Wachtell, Gibson Dunn Advise on $ 3.4 Billion Acquisition Deal
11/23/11
Wachtell, Gibson Dunn Advise on $ 3.4 Billion Acquisition Deal
Insurer Alleghany has plans to acquire Transatlantic Holdings, a New York–based reinsurance company that has attracted multiple takeover attempts over the past several months for about $3.4 billion. Alleghany will pay $59.79 a share in cash and stock for acquiring Transatlantic. Alleghany has hired Wachtell, Lipton, Rosen & Katz
to advice on the matter. Gibson, Dunn & Crutcherhas advised Transatlantic throughout the sale process. Transatlantic also turned to Swiss firm Lenz & Staehelin to advice on the AWA proposal.
Wachtell, Gibson Dunn Advise on $ 3.4 Billion Acquisition Deal
Insurer Alleghany has plans to acquire Transatlantic Holdings, a New York–based reinsurance company that has attracted multiple takeover attempts over the past several months for about $3.4 billion. Alleghany will pay $59.79 a share in cash and stock for acquiring Transatlantic. Alleghany has hired Wachtell, Lipton, Rosen & Katz
to advice on the matter. Gibson, Dunn & Crutcherhas advised Transatlantic throughout the sale process. Transatlantic also turned to Swiss firm Lenz & Staehelin to advice on the AWA proposal.
