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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Transatlantic Holdings Common Stock | NYSE:TRH | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 60.90 | 0.00 | 01:00:00 |
A former Treasury Department official and a former chief executive of reinsurer General Re are part of a group that has started merger talks with reinsurance company Transatlantic Holdings Inc. (TRH), The New York Times reported Tuesday on its website, citing unnamed sources.
Dan H. Jester, who spearheaded the bailout of American International Group Inc. (AIG) under the Bush administration, as well as Joseph Brandon, the head of General Re until 2008, are part of the consortium advised by Morgan Stanley (MS), the report said.
Transatlantic earlier disclosed it has entered into a confidentiality agreement and discussions with a third party.
Representatives for Transatlantic and Morgan Stanley declined comment, while Jester and Brandon weren't immediately available for comment, according to the report.
Full Story: http://dealbook.nytimes.com/2011/09/27/new-transatlantic-suitors-said-to-include-ex-treasury-official/
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