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Fairfax Financial Holdings Ltd (FFH.TO)

FFH.TO on Toronto Stock Exchange

613.75CAD
21 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Fairfax to make strategic investment in Eestaim, significant portfolio investment through Arena investors
Monday, 3 Apr 2017 06:30am EDT 

Westaim Corp : Fairfax to make strategic investment in Westaim and to make significant portfolio investment through arena investors . Westaim - Fairfax Financial to invest up to c$100 million in co in exchange for issuance of 5% interest bearing notes and common share purchase warrants . Westaim Corp - Fairfax will have right to nominate one director to board of directors of Westaim .Westaim Corp - Fairfax has also agreed to invest up to us$500 million in investments sourced by Westaim's affiliate, Arena investors, LP.  Full Article

Tower says Suncorp's stake in Tower now reached 19.99 pct
Tuesday, 14 Mar 2017 03:31pm EDT 

Tower Ltd : Understands that Suncorp Group Limited's stake in tower has now reached 19.99% of shares . Originally received a non-binding proposal for 100% of tower shares at $1.30 per share from Suncorp Group on 22 february . Board's advice to shareholders remained unchanged . Will be asking suncorp to advise whether it intends to employ differential pricing in its proposal . "it is unclear whether $1.40 per share will be available for all tower shareholders" .board also continues to closely engage with Fairfax in relation to previously announced scheme and other transaction possibilities.  Full Article

Fairfax announces final results and pricing of cash tender offer for senior notes
Monday, 13 Mar 2017 06:05pm EDT 

Fairfax Financial Holdings Ltd : Fairfax announces final results and pricing of cash tender offer for senior notes . Fairfax financial - pricing of cash tender offers to buy a targeted amount of notes consisting of its outstanding 7.50% senior notes due 2019 .Fairfax financial holdings ltd - pricing also consists of 25% senior notes due 2020 and 6.40% senior notes due 2021.  Full Article

Alberta Investment Management Corp signed a letter of commitment with Fairfax Financial
Friday, 10 Mar 2017 04:30pm EST 

Allied World Assurance Company Holdings Ltd : On behalf of certain of its clients, signed a letter of commitment with Fairfax Financial .To invest US$500 million in order to indirectly acquire just over 10 pct of issued and outstanding shares of Allied World Assurance.  Full Article

Fairfax Financial and Allied World provide update on merger transaction
Friday, 3 Mar 2017 05:10pm EST 

Fairfax Financial Holdings Ltd : Fairfax Financial and Allied World provide update on merger transaction . Fairfax Financial Holdings-Co, Allied World assurance agreed to extend to March 10, 2017 deadline by which co has option to increase cash consideration .Fairfax Financial-agreed to extend to March 10, 2017 deadline by which co could reduce "fixed value stock consideration" under deal terms.  Full Article

Fairfax Financial to make strategic investment in Altius Minerals
Friday, 24 Feb 2017 08:54am EST 

Altius Minerals Corp : Fairfax to make strategic investment in Altius . Altius Minerals Corp - Fairfax Financial Holdings Limited, through certain of its subsidiaries will make an up to $100 million investment in Altius . Says Altius has also agreed to issue 6.7 million common share purchase warrants, exercisable at $15 per share . Altius Minerals Corp - Fairfax will have right to nominate one director to board of directors of Altius . Altius Minerals Corp - proceeds raised from Fairfax financing to be used by Altius for investing in opportunities within mining, minerals sector .Altius Minerals Corp - closing of transaction is subject to settlement of mutually agreeable definitive documentation.  Full Article

Tower updates on proposed acquisition by Fairfax Financial
Thursday, 16 Feb 2017 09:31pm EST 

Tower Ltd :Appoints Northington Partners to prepare an independent adviser's report on proposed acquisition of 100 pct of tower shares by Fairfax Financial.  Full Article

Fairfax Financial Holdings qtrly net loss $30.77/shr
Thursday, 16 Feb 2017 05:07pm EST 

Fairfax Financial Holdings Ltd : Fairfax Financial Holdings Limited: financial results for the year ended December 31, 2016 . Fairfax Financial Holdings Ltd says book value per basic share at december 31, 2016 was $367.40 compared to $403.01 at December 31, 2015 . Fairfax Financial Holdings Ltd says qtrly net loss per diluted share $30.77 . Fairfax Financial Holdings Ltd qtrly gross premiums written $2,244.1 million versus $2,202.4 million . Fairfax Financial Holdings Ltd qtrly net premiums written $1,954.6 million versus $1,910.5 million . Fairfax Financial -FY net losses on investments of $1,204 million were primarily as a result of fundamental changes in U.S. in Q4 .Fairfax Financial - "consequently, we removed all our defensive equity index hedges and reduced duration of our bond portfolios to approximately one year".  Full Article

Fairfax Financial to acquire Tower Ltd
Wednesday, 8 Feb 2017 06:34pm EST 

Tower Ltd - : Fairfax Financial to acquire Tower . Deal for all cash offer of $1.17 per tower share, for an aggregate acquisition cost of $197 million . Offer unanimously supported by tower board, in absence of a superior proposal . Each tower director has undertaken to vote all tower shares in his control in favour of fairfax proposal . Board also confirms that fairfax proposal does not impact tower insurance policies and rights of policy holders . Two of tower's major shareholders, salt funds management and acc committed to vote in favour of fairfax proposal .All figures in nz$.  Full Article

Fairfax Africa prices IPO in connection with us$500 mln capital raise
Wednesday, 8 Feb 2017 07:00am EST 

Fairfax Financial Holdings Ltd : Fairfax Africa prices initial public offering in connection with us$500 million capital raise . Says has entered into an underwriting agreement for offering of 5,622,000 subordinate voting shares at $10.00 per share .Fairfax Financial Holdings will issue to Fairfax Financial directly or to one or more of its subsidiaries 30 million multiple voting shares.  Full Article

More From Around the Web

BRIEF-Fairfax Financial reports 13.6 pct passive stake in Intrepid Potash

* Fairfax Financial Holdings Limited reports a 13.6 percent passive stake in Intrepid Potash Inc as of March 21 - SEC filing Source: (http://bit.ly/2nzGxqG) Further company coverage: