updated 6/13/2011 2:46:10 PM ET 2011-06-13T18:46:10

NEW YORK, June 13, 2011 (GLOBE NEWSWIRE) -- Levi & Korsinsky is investigating the Board of Directors of Transatlantic Holdings, Inc. ("Transatlantic" or the "Company") for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Allied World Assurance Company Holdings, AG ("Allied World"). Under the terms of the transaction, Transatlantic shareholders will receive 0.88 Allied World common shares for each Transatlantic share they own; this represents a value of approximately $51.10 per share, for a total transaction value of approximately $3.2 billion.

Click here to learn how to join the action: http://zlk.9nl.com/TRH-classaction , or call: 877-363-5972.

The investigation concerns whether the Transatlantic Board of Directors breached their fiduciary duties to Transatlantic stockholders by failing to adequately shop the Company before entering into this transaction and whether Allied World is underpaying for Transatlantic shares, thus unlawfully harming Transatlantic stockholders. In particular, Transatlantic has a Book Value of $64.49 for the last quarter, and at least one analyst has set a price target of $60.00 per share for Transatlantic stock.

If you own common stock in Transatlantic and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/TRH-classaction .

Levi & Korsinsky is a national firm with offices in New York, California and Washington D.C. The firm has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT: Levi & Korsinsky, LLP
         Joseph Levi, Esq.
         Eduard Korsinsky, Esq.
         30 Broad Street - 15th Floor
         New York, NY 10004
         Tel: (212) 363-7500
         Toll Free: (877) 363-5972
         Fax: (212) 363-7171

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%
Source: Bankrate.com