Fairfax Financial Holdings Limited (“Fairfax”) (TSX:FFH)(TSX:FFH.U) and Mitsui Sumitomo Insurance Company Limited of Tokyo, Japan (“Mitsui Sumitomo”), a subsidiary of MS&AD Insurance Group Holdings, Inc. (a Tokyo Stock Exchange listed company) announce that they have entered into a binding agreement to pursue a global strategic alliance.
Fairfax Financial Holdings Limited (TSX:FFH) (TSX:FFH.U) announces net earnings of $311.6 million ($12.67 net earnings per diluted share after payment of preferred share dividends) in the second quarter of 2017 compared to net earnings of $238.7 million ($9.58 net earnings per diluted share after payment of preferred share dividends) in the second quarter of 2016.
Fairfax Financial Holdings Limited (TSX:FFH)(TSX:FFH.U) will hold a conference call at 8:30 a.m. Eastern Time on Friday, August 4, 2017 to discuss its 2017 second quarter results which will be announced after the close of markets on Thursday, August 3 and will be available at that time on its website www.fairfax.ca.
Fairfax Financial Holdings Limited and Allied World Assurance Company Holdings, AG announce the successful completion of the acquisition of Allied World and closing of the exchange offer by Fairfax Financial Holdings (Switzerland) GmbH (the “Purchaser”), an indirect subsidiary of Fairfax, for all of the issued and outstanding ordinary shares of Allied World.
Fairfax Financial Holdings Limited and Allied World Assurance Company Holdings, AG would like to remind Allied World shareholders that Fairfax’s offer to acquire all of the outstanding registered ordinary shares of Allied World is set to expire today at 5 p.m. (New York City time).
Fairfax Financial Holdings Limited and Allied World Assurance Company Holdings, AG announce that, pursuant to the Agreement and Plan of Merger dated as of December 18, 2016 between Fairfax and Allied World, the offering period of the previously announced exchange offer to purchase all of the issued and outstanding ordinary shares of Allied World has been extended.
Fairfax Financial Holdings Limited and Allied World Assurance Company Holdings, AG announced today that the final calculation of the consideration being offered for each Allied World registered ordinary share tendered and not properly withdrawn in Fairfax’s offer is (i) $23.00 cash and (ii) 0.057937 of a Fairfax subordinate voting share.
Fairfax Financial Holdings Limited and Allied World Assurance Company Holdings, AG announce that they have received all regulatory approvals that are necessary to complete Fairfax’s previously announced offer for all of the outstanding registered ordinary shares of Allied World.
Fairfax Financial Holdings Limited and Allied World Assurance Company Holdings, AG would like to remind Allied World shareholders that Fairfax’s offer to acquire all of the outstanding registered ordinary shares of Allied World is set to expire at 11:59 p.m., New York City time, on June 30, 2017, unless the offer is extended.
Fairfax Financial Holdings Limited (“Fairfax”) (TSX:FFH)(TSX:FFH.U) announced that it has sold, through its subsidiaries, 14,235,644 common shares (the “Shares”) of Tembec Inc. (“Tembec”), representing approximately 14.2% of the issued and outstanding Shares.