Comment on Transatlantic, Rebuffing Berkshire, Sets Stage for Higher Bid

Transatlantic, Rebuffing Berkshire, Sets Stage for Higher Bid

Reinsurer Transatlantic Holdings said an unsolicited takeover offer Friday from Warren Buffett's Berkshire Hathaway is likely to lead to a superior proposal to its existing merger agreement with a competitor, but is not itself a superior proposal.

 

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