Edition:
United States

Property & Casualty Insurance

Page 1

Fidelity National Financial announces acquisition of T-System Holdings for $200 mln

Tuesday, 5 Sep 2017 08:03am EDT

Sept 5 (Reuters) - Fidelity National Financial Inc ::FNFV announces acquisition of t-system holdings for $200 million.Fidelity National Financial Inc - ‍has signed a definitive agreement to acquire t-system holdings for $200 million in cash​.

PPC Ltd says Fairfax makes a partial offer of 2 bln rand

Monday, 4 Sep 2017 08:15am EDT

Sept 4 (Reuters) - PPC LTD ::FAIRFAX AFRICA INVESTMENTS PROPRIETARY DELIVERED A LETTER INDICATING THAT OFFEROR HAS A FIRM INTENTION TO MAKE A PARTIAL OFFER.OFFER AT A PRICE OF R5.75 PER ORDINARY SHARE OF PPC.DEAL VALUED AT R2 BILLION OF ISSUED ORDINARY STATED CAPITAL OF PPC.

Glass Lewis recommends Home Capital shareholders approve Buffett deal

Wednesday, 30 Aug 2017 11:45am EDT

Aug 30 (Reuters) - Home Capital Group Inc :Proxy firm glass lewis recommends shareholders vote in favour of berkshire hathaway increasing home capital stake.

‍Fitch says Berkshire Hathaway Energy's ratings unchanged by terminated Oncor bid​

Tuesday, 22 Aug 2017 10:52am EDT

Aug 22 (Reuters) - Berkshire Hathaway Inc BRKa.N:‍Fitch says Berkshire Hathaway Energy's ratings unchanged by terminated Oncor bid​.‍Fitch says expects Berkshire Hathaway Energy Co​ to remain an "active consolidator" in utility, power and gas sector.Fitch says potential impact of future M&A activity on Berkshire Hathaway Energy's credit quality will be driven by price, asset quality, funding choices​.

Berkshire Hathaway Energy says five Texas stakeholder groups reach agreement with Co in Oncor acquisition

Friday, 18 Aug 2017 06:51pm EDT

Aug 18 (Reuters) - Berkshire Hathaway Energy-:Parties to agreement ask public utility commission of Texas to approve acquisition.Five Texas stakeholder groups reach agreement in Berkshire Hathaway Energy's acquisition of Oncor.Agreement resolves all issues in Berkshire Hathaway energy's acquisition of Oncor.Staff of public utility commission of Texas, office of public utility counsel entered into settlement with co.Steering committee of cities served by Oncor, Texas industrial energy consumers, IBEW local 69 entered into settlement with co.Parties have agreed acquisition is in public interest, meets statutory standards and will bring substantial benefits to Oncor.

Third bidder places $9.3 bln bid for Oncor, higher than Berkshire Hathaway's $9 bln bid- CNBC, citing DJ

Friday, 18 Aug 2017 02:43pm EDT

Aug 18 (Reuters) - :Third bidder has emerged for Oncor, placing higher $9.3 billion bid than Berkshire Hathaway's $9 billion bid- CNBC, citing DJ.

Berkshire Hathaway Energy stands firm on $9 bln offer to acquire Oncor

Wednesday, 16 Aug 2017 08:46pm EDT

Aug 16 (Reuters) - Berkshire Hathaway Inc :Will stand firm on $9 billion offer to acquire 80% of oncor electric delivery company and will not increase offer .Warren Buffett’s Berkshire Hathaway Energy stands firm on its $9 billion offer to acquire Oncor.Bid for Oncor includes 47 regulatory commitments that have the support of 12 key stakeholder groups across texas.Will not be increasing its offer.

Heritage Insurance says ‍NBIC Holdings to get $12.5 mln, if deal terminated

Wednesday, 9 Aug 2017 07:36am EDT

Aug 9 (Reuters) - Heritage Insurance Holdings Inc :Heritage Insurance says under certain conditions, ‍nbic holdings shall have right to terminate merger deal, be paid termination fee of $12.5 million ​- SEC filing.

Heritage to acquire Narragansett Bay Insurance for $250 mln

Tuesday, 8 Aug 2017 08:58pm EDT

Aug 9 (Reuters) - Heritage Insurance Holdings Inc -:Heritage to acquire Narragansett Bay Insurance for $250 million to create leading super regional personal lines carrier.Says purchase price for acquisition will be $250 million.Says acquisition will be financed with $210 million in cash and $40 million of company's common stock.Says transaction is expected to be immediately accretive to earnings per share and ROE..

Travelers completes acquisition of UK-based Simply Business

Friday, 4 Aug 2017 04:05pm EDT

Aug 4 (Reuters) - Travelers Companies Inc ::Travelers completes acquisition of UK-based Simply Business.

Markets

  • Sectors
  • U.S.
  • Europe
  • Asia

Sector Summary