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OdysseyRe Receives Acquisition Proposal from Fairfax.

Publication: Mergers & Acquisitions Business
Publication Date: 23-SEP-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Odyssey Re Holdings Corp. ("OdysseyRe") (NYSE: ORH) confirmed that it received on September 4, 2009 an unsolicited proposal from Fairfax Financial Holdings Limited ("Fairfax") (TSX and NYSE: FFH) to acquire all of the outstanding shares of common stock of OdysseyRe that it does not currently own for $60 per share in cash. Fairfax currently owns approximately 72.6% of all outstanding shares of common stock of OdysseyRe. Fairfax publicly announced on September 4, 2009 its proposal and its intention...

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