NU Online News Service, Sept. 15, 12:07 p.m. EST
Less than a week before shareholders of Transatlantic Holdings are set to vote on a potential merger with Allied World Assurance Co., Validus Holdings—a competing bidder—is looking to oust Transatlantic's board.
Validus says it has made a regulatory filing with the U.S. Securities and Exchange Commission to ask stockholders to overthrow the seven-member Transatlantic board and replace them with three hand-picked candidates.
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