NU Online News Service, April. 30, 3:55 p.m. EDT
In its second announcement this week on the subject, ValidusHoldings today outlined steps to speed up its efforts for a hostiletakeover of IPC, which is backing an alternative deal with MaxCapital.
On Tuesday, Validus announced it was suing IPC Holdings and MaxCapital Group over restrictive provisions in a merger agreementbetween the two companies that shut other companies out fromtalking to IPC's board and calls for a $50 million fee to be paidto Max if the IPC-Max deal is terminated.
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