Bloomberg reports that Transatlantic Holdings Inc. (TRH) is rejecting a $3.25 billion takeover offer from Warren Buffett’s Berkshire Hathaway Inc. (BRK/A)
“The Transatlantic board of directors does not believe the all-cash proposal, at substantially less than book value, would deliver fair value to stockholders and is therefore not accepting it,” New York-based Transatlantic said in an e-mailed statement today…
Read more at http://www.bloomberg.com/news/2011-09-19/transatlantic-rejects-berkshire-s-3-25-billion-takeover-offer.html
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