Allied World To Buy Transatlantic For $3.2 Billion

Reuters: Top News, Reuters
Sun, 06/12/2011 - 7:07pm

NEW YORK (Reuters) - Allied World Assurance Co Holdings agreed to buy Transatlantic Holdings for $3.2 billion in stock, creating a specialty insurer and reinsurer with broader reach and product offering.

NEXT
Sections:  business   
RELATED ARTICLES
  • Bill Gates repeats at top of Forbes' list of billionaires
    World's richest man got richer with $79. billion in 2015. More
  • US medicine spending shows rare dip
    Total U.S. spending on prescription medicines declined last year, a first in more than half a century. The dip was 1 percent, to $325.8 billion — a 3.5 percent drop after accounting for population growth and economic expansion, according to the IMS Institute for Healthcare Informatics. More
  • Microsoft may buy Barnes & Noble's Nook unit for $1 billion
    According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture. According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture. More
  • US casino revenue up nearly 5 percent in 2012
    Things are looking up for most of the nation’s commercial casinos, as gambling revenue increased by nearly 5 percent last year and jobs held roughly steady. According to the annual survey of casinos by the American Gaming Association, America’s nontribal casinos took in $37.3 billion from gamblers last year, an increase of 4.8 percent over 2011. More
  • YouTube Claims Victory Over TV - Battle Won With One Billion Visitors Per Month
    With more than one billion unique visitors every month, YouTube asserted last night that the battle between television and the online video giant is over. YouTube claimed victory with six billion views per month. According to the Wall Street Journal, which cited Mark Mahaney's estimates, a stock analyst at RBC Capital Markets,  that YouTube generated about $4 billion in revenue in 2012, up from $2.5 billion in 2011. More
BING NEWS:
  • Ukrainian troops forced to abandon villages in face of withering Russian assaults
    Ukraine’s battlefield setbacks, Austin meets Pacific counterparts, spymasters outline worldwide threats, Navy short of ships, National Guard short of planes ...
    05/2/2024 - 6:01 am | View Link
  • The Telegraph Is Up for Sale Again: Here’s Who Might Buy It
    The Telegraph, one of Britain’s oldest and most influential newspapers, is back on the block after UAE-backed investment group RedBird IMI officially walked away from its proposed takeover following a ...
    04/30/2024 - 7:01 pm | View Link
  • 1 Unstoppable Multibagger Up 1,320% Since 2007 Trading Near a Once-in-a-Decade Valuation to Buy Right Now
    Resilient by nature and popular among teens, Ulta is well-positioned to survive today's tough consumer spending environment.
    04/29/2024 - 12:45 am | View Link
  • TransAlta (TAC) Gets a Buy from RBC Capital
    In a report released on April 25, Maurice Choy from RBC Capital maintained a Buy rating on TransAlta (TAC – Research Report), with a ...
    04/26/2024 - 2:47 pm | View Link
  • Top 5: These Are The Airlines That Operate The Most Transatlantic Flights
    British Airways is the only European airline present on the list. The other four are Air Canada, American Airlines, Delta Air Lines, and United Airlines.
    04/26/2024 - 2:00 pm | View Link
  • More

 

Comment On This Story

NEXT
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

Movies With Butter More Movie News

More Business News