![\"mergers](\"https:\/\/www.reinsurancene.ws\/wp-content\/uploads\/2017\/07\/mergers-and-acquisitions-reinsurance-300x194.jpg\")
According to a recent announcement\u00a0the parent company intends that Fairfax Switzerland, its indirect subsidiary, to “effect a\u00a0squeeze-out merger under Swiss law pursuant to the terms of the Merger Agreement.”<\/p>\nFairfax Financial Holdings has announced the successful completion of the acquisition of Allied World Assurance Company Holdings and closing of the exchange offer for all Allied World issued and outstanding ordinary shares, by Fairfax Financial Holdings (Switzerland) GmbH.<\/p>\n
According to a recent announcement\u00a0the parent company intends that Fairfax Switzerland, its indirect subsidiary, to “effect a\u00a0squeeze-out merger under Swiss law pursuant to the terms of the Merger Agreement.”<\/p>\n
This would see Allied World merge with Fairfax Switzerland, with the latter being the surviving entity of the merger, and subsequently renamed as\u00a0Allied World Assurance Company Holdings, GmbH.<\/p>\n
Allied World also announced that it plans to\u00a0voluntarily delist the shares from the New York Stock Exchange, and also plans to\u00a0subsequently deregister the shares under the Securities Exchange Act of 1934. The firm will also suspend any reporting obligations under the Exchange Act, once able to do so.<\/p>\n","protected":false},"excerpt":{"rendered":"
Fairfax Financial Holdings has announced the successful completion of the acquisition of Allied World Assurance Company Holdings and closing of the exchange offer for all Allied World issued and outstanding ordinary shares, by Fairfax Financial Holdings (Switzerland) GmbH. According to a recent announcement\u00a0the parent company intends that Fairfax Switzerland, its indirect subsidiary, to “effect a\u00a0squeeze-out […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[45,130],"class_list":["post-8718","post","type-post","status-publish","format-standard","hentry","category-news","tag-allied-world","tag-fairfax-financial"],"acf":[],"yoast_head":"\n