NU Online News Service, April 29, 3:41 p.m. EDT

Validus Holdings, in its continuing fight with Max Capital over who will acquire IPC Re, has filed a lawsuit that challenges aspects of the arrangement Max has made with IPC.

Validus is attempting to force the IPC board to accept its merger offer valued at $1.68 billion, which it proposed after IPC and Max announced in early March that their boards of directors had approved a merger deal valued at roughly $900 million.

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