Hashtag: #BusinessMergers

Allied Shareholders Approved Two Proposals

Allied Shareholders Approved Two Proposals

Allied World Assurance Company Holdings, AG shareholders have approved both of the proposals that were voted on at the company’s special shareholder meeting held in connection with the previously announced merger transaction with Fairfax Financial Holdings Limited. The approved matters include: [i] amending the company’s Articles of Association... Read more of this article

R&Q Completes Acquisition Of Linco Limited

R&Q Completes Acquisition Of Linco Limited

Randall & Quilter American Holdings Inc. [R&Q] announced the signing of the sale and purchase agreement to acquire Linco Limited; a wholly owned captive insurer of Ameripride Services Inc. and Alsco Inc. The transaction is subject to regulatory approvals, anticipated within 30 days. The Company is domiciled in Bermuda and provided reinsurance... Read more of this article

Bluefin Payment Systems Partner With FAC

Bluefin Payment Systems Partner With FAC

Bluefin Payment Systems, a provider of PCI-validated Point-to-Point Encryption [P2PE] solutions, has formed a new partnership with First Atlantic Commerce [FAC], an online payments and fraud and data management solutions provider. The partnership will further enhance data security for companies using FAC’s payment gateway with the addition of Bluefin’s... Read more of this article

Fairfax Financial & Allied World Merger Update

Fairfax Financial & Allied World Merger Update

Fairfax Financial Holdings and Allied World Assurance Company Holdings, AG have agreed to extend to March 10, 2017 the deadline by which Fairfax has the option to increase the cash consideration, and correspondingly reduce the “Fixed Value Stock Consideration” under the terms of the previously announced definitive merger agreement entered... Read more of this article

WISeKey Signs Agreement To Acquire QuoVadis

WISeKey Signs Agreement To Acquire QuoVadis

Swiss cybersecurity and IoT company WISeKey International Holding Ltd announced that it has signed a binding agreement to acquire 85% of QV Holdings [QuoVadis] a leading managed Public Key Infrastructure [mPKI], Certification Authority [CA] and electronic signature services [eID] company domiciled in Bermuda with operating activities in Switzerland,... Read more of this article

Assured Guaranty Complete Acquisition Of MBIA

Assured Guaranty Complete Acquisition Of MBIA

Bermuda-based Assured Guaranty Ltd. [together with its subsidiaries, Assured Guaranty] announced that its subsidiary Assured Guaranty Corp. [AGC] completed its acquisition of MBIA UK Insurance Limited [MBIA UK], the European operating subsidiary of MBIA Insurance Corporation, in accordance with the agreement announced on September 29, 2016. “Assured... Read more of this article

Elliott Acquires A Controlling Interest In Aeolus

Elliott Acquires A Controlling Interest In Aeolus

Aeolus Capital Management Ltd. announced the closing of the previously announced proposed transaction between Aeolus and Elliott Management Corporation [Elliott] pursuant to which Elliott Associates, L.P. and Elliott International, L.P., two funds managed by Elliott, have acquired a controlling interest in Aeolus and its affiliated entities. Elliott... Read more of this article

Arch Capital Group Closes Acquisition Of UGC

Arch Capital Group Closes Acquisition Of UGC

Bermuda-based Arch Capital Group has completed its previously announced acquisition of United Guaranty Corporation [UGC] from American International Group, Inc. [AIG] at year-end 2016. “The acquisition of UGC expands the scale of Arch’s existing mortgage insurance businesses by combining UGC’s position as the market leader in the U.S. private... Read more of this article

Enstar Acquires Dana Companies For $91.5M

Enstar Acquires Dana Companies For $91.5M

Enstar Group Limited announced that Enstar Holdings [US] Inc. has acquired Dana Companies, LLC  from Dana Incorporated  for a total purchase price of $91.5 million. “Dana is a world leader in the supply of highly engineered drivetrain, sealing, and thermal-management technologies for vehicles,” Enstar said. “Dana Companies holds... Read more of this article

Fairfax Financial To Buy Allied World For $4.9B

Fairfax Financial To Buy Allied World For $4.9B

Fairfax Financial Holdings Limited and Allied World Assurance Company Holdings have entered into a merger agreement in which Fairfax will acquire all of the outstanding registered ordinary shares of Allied World. Under the terms of the Agreement, based on Friday’s closing stock price on the TSX for Fairfax of C$614.45[$460.65], Allied World shareholders... Read more of this article

Endurance To Hold Meeting About Acquisition

Endurance To Hold Meeting About Acquisition

Bermuda-based Endurance Specialty Holdings has scheduled a special general meeting of its shareholders to seek approval for the acquisition of 100% of the outstanding ordinary shares of Endurance by SOMPO Holdings, Inc. “The Endurance special general meeting will be held on Friday, January 27, 2017, at 9:00 a.m. [Atlantic Time] at Endurance’s... Read more of this article

Liberty Announce Acquisition Of Ironshore

Liberty Announce Acquisition Of Ironshore

Liberty Mutual Insurance has signed a definitive agreement to acquire Ironshore Inc., a premier global specialty lines company, from Fosun International Limited. The transaction is expected to close in the first half of 2017 pending regulatory approvals and customary closing conditions. Upon closing, Liberty Mutual will acquire a 100 percent ownership... Read more of this article

QuoVadis Signs LOI To Be Acquired By WISeKey

QuoVadis Signs LOI To Be Acquired By WISeKey

WISeKey International Holding Ltd, a Swiss cybersecurity company, announced today that it has entered into a Letter of Intent [LoI] to acquire QuoVadis, a Bermuda-domiciled company with operating activities in Switzerland, Germany, the Netherlands, Belgium, the United Kingdom, and Bermuda. “WISeKey and QuoVadis intend to pursue reciprocal due... Read more of this article