NU Online News Service, June 3, 3:11 p.m. EDT

Max Capital Group Ltd. has highlighted two reports from proxy advisory firms as further ammunition in its bid to acquire IPC Holdings, Ltd., while a third report highlights the benefits of a rival offer from Validus Holdings.

Validus has attempted a hostile takeover of IPC, and continues to pursue ways to close the deal over the objections of IPC’s board, which favors the Max proposal.

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