The largest shareholder for the reinsurance firm Transatlantic Holdings Inc. is prepared to oppose a merger with Allied World Assurance Company Holdings, citing competing bids for the reinsurer.
The plans for the merger and creation of a global specialty insurance and reinsurance company were released June 12, but yesterday in a filing with the U.S. Securities and Exchanges Commission, Davis Selected Advisors outlined their disapproval of the deal.
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