Brit owner Fairfax buys Allied World for $4.9bn
Canada’s Fairfax Financial is to buy insurance giant Allied World for $4.9bn (£3.9bn).
Fairfax, the owner of UK insurer Brit, is offering Allied World shareholders shares and cash equal to $54 (£43) per share for the company.
The share offer represents a premium of 18% to the per share
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