Transatlantic Holdings, Inc. Merger under Investor Investigation

June 13, 2011 - PRLog -- Following the announcement by Transatlantic Holdings, Inc. it agreed to a merger with Allied World Assurance Company Holdings, AG an investigation on behalf of investors of Transatlantic Holdings, Inc.  concerning whether the offered value to merger Transatlantic Holdings and Allied World Assurance Company Holdings and the sale process are unfair to investors of Transatlantic Holdings, Inc.  and whether certain of its officers and directors or others breached their fiduciary duties owed investors in NYSE-TRH was announced.

If you are a current investor in Transatlantic Holdings, Inc.  and purchased your TRH shares prior to the announcement, and/or if you have any information relating the investigation, you have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether Transatlantic Holdings Inc., certain of its officers and directors, and/or others breached their fiduciary duties owed to Transatlantic Holdings, Inc. (NYSE TRH) investors in connection with the proposed merger.
On Sunday, June 12, 2011, Transatlantic Holdings, Inc. and Allied World Assurance Company Holdings, AG  announced the signing of a merger agreement.
The transaction is valued at $3.2 billion and is structured as a merger of equals, with shareholders of Transatlantic Holdings, Inc receiving 0.88 Allied World Assurance Company Holdings, AG common shares for each Transatlantic common share held.

Based on a closing price of $58.07 per Allied World Assurance Company Allied World Assurance Company Holdings, AG  share stockholders in Transatlantic Holdings, Inc. would receive $51.10 per TRH share they hold.

However, shares of Transatlantic Holdings, Inc. traded as recently as February 2011 over $52 per share and during March as high as $51.30 per share. Furthermore TRH stock reached as high as $54 per share last November.

Additionally Transatlantic Holdings performance has been increasing lately. Transatlantic Holdings’ reported between 2007 and 2010 relatively consistent 12months Total Revenue ranging from $4.082billion to $4.445billion. Its Net Income rose from $102.25million in 2008 to $402.20million in 2010. For the first quarter in 2011 Transatlantic Holdings, Inc. reported an increase in its first quarter Revenue from $1.103billion for the first quarter in 2010 to $1.117billion for the first quarter in 2011.

Therefore the investigations monitor the proposed transaction and concern whether the Transatlantic Holdings Board of Directors undertook an adequate and fair sales process to obtain fair and maximized consideration for all shareholders of Transatlantic Holdings, Inc.  and in particular breached their fiduciary duties to Transatlantic Holdings (TRH) shareholder by failing to adequately shop the Company before entering into the transaction.

The investigation concerns also whether Allied World Assurance Company Allied World Assurance Company Holdings, AG would underpay for NYSE- TRH shares, thus unlawfully harming Transatlantic Holdings stockholders. A potential securities class action lawsuit would seek to maximize the amount of money and information NYSE- TRH shareholders would receive in a buyout, so the law firm.

Those who are current investors in Transatlantic Holdings, Inc. (Public, NYSE- TRH) and purchased your NYSE- TRH shares prior to the announcement, and/or those who have any information relating the investigation, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

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The Shareholders Foundation, Inc. is a professional portfolio legal monitoring service and an investor advocacy group. We do research related to shareholder issues and inform investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We believe that together we can combine the interests of many investors, and use the size of our interest as leverage against the giant corporations. We offer help, support, and assistance for every shareholder. We help investors find answers to their questions and equitable solutions to their problems. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.