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Warren Buffetts National Indemnity Co. has reinstated its cash offer of $52 per share for Transatlantic Holdings Inc.

The saga that was the attempted merger of Transatlantic Holdings and Allied World Assurance Co. Holdings has ended with what each are calling a mutual agreement, which makes Transatlantic $48 million lighter.

The saga that was the attempted merger of Transatlantic Holdings and Allied World Assurance Co. Holdings has ended with what each are calling a mutual agreement, which makes Transatlantic $48 million lighter.

Less than a week before shareholders of Transatlantic Holdings are set to vote on a potential merger with Allied World Assurance Co., Validus Holdingsa competing bidderis looking to oust Transatlantics board.

A major shareholder advisory firm has recommended shareholders of Transatlantic Holdings vote against its proposed merger with Allied World Assurance.

A major shareholder advisory firm has recommended shareholders of Transatlantic Holdings vote against its proposed merger with Allied World Assurance.

Transatlantic Holdings Inc.s board of directors is not pursuing a value-maximizing strategy and is putting up self-imposed roadblocks to discussions with Validus Holdings, according to a Validus letter to Transatlantic shareholders.

Davis Selected Advisers Ltd., the largest shareholder of Transatlantic Holdings Inc., will oppose the company's acquisition by Allied World.