NU Online News Service, May 21, 11:55 a.m. EDT
Fairfax Financial Holdings Limited has completed its acquisition of Zenith National Insurance Corp. for $38 per share in cash, the company announced.
The companies received California Department of Insurance approval for the acquisition on May 19 and closed the deal the following day.
Fairfax, a Toronto-based financial services holding company, said holders of physical certificates representing shares of Zenith common stock will receive a letter of transmittal and other materials from the paying agent in connection with the transaction.
The materials, Fairfax continued, will have to be completed and returned to the paying agent in order for stockholders to receive the merger consideration.
Zenith is a Woodland Hills, Calif.-based workers' compensation insurer.
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