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of the consideration being offered for each Allied World registered ordinary share tendered and not properly withdrawn in Fairfax’s offer is (i) $23.00 cash and (ii) 0.057937 of a Fairfax subordinate voting share.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.
Fairfax Financial Holdings Limited (“Fairfax”) (TSX:FFH)(TSX:FFH.U) announced that it has sold, through its subsidiaries, 3,122,050 common shares (the “Shares”) of Tembec Inc. (“Tembec”), representing approximately 3.1% of the issued and outstanding Shares.
Fairfax Financial Holdings Limited (“Fairfax”) (TSX:FFH)(TSX:FFH.U) announced that it has sold, through its subsidiaries, 2,633,350 common shares (the “Shares”) of Tembec Inc. (“Tembec”), representing approximately 2.6% of the issued and outstanding Shares.
Fairfax Financial Holdings Limited (“Fairfax”) (TSX:FFH)(TSX:FFH.U) announces that it has declared the following quarterly dividends per share on its preferred shares:
Fairfax Financial Holdings Limited announced today that its wholly owned subsidiary, FAL Corporation, has agreed to sell 12.18% of the fully diluted shares of ICICI Lombard to Red Bloom Investment Ltd (9.00%), a company wholly owned by private equity funds managed by Warburg Pincus LLC, Tamarind Capital Pte. Ltd (1.59%), a company wholly owned by the Clermont Group, and IIFL Special Opportunities Fund (1.59%).
Fairfax Financial Holdings Limited announces net earnings of $82.6 million ($3.03 net earnings per diluted share after payment of preferred share dividends) in the first quarter of 2017 compared to a net loss of $51.0 million ($2.76 net loss per diluted share after payment of preferred share dividends) in the first quarter of 2016, reflecting lower net losses on investments.