Property & Casualty Insurance

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AmTrust Financial Services Inc announces its intent to acquire CorePointe Insurance Company

Monday, 24 Nov 2014 08:30am EST

AmTrust Financial Services Inc:Announced that it has entered into a definitive agreement, pending regulatory approval, to acquire for cash, CorePointe Insurance Company (CorePointe), a wholly-owned subsidiary of CorePointe Group LLC.

Fairfax Financial Holdings Ltd completes acquisition of Pethealth Inc.

Friday, 14 Nov 2014 01:53pm EST

Fairfax Financial Holdings Ltd:Completes acquisition of all issued and outstanding common shares and preferred shares of Pethealth Inc through plan of arrangement.Whereby, among other things, 8653291 Canada Inc., wholly owned subsidiary of Fairfax, acquired all of the issued and outstanding common shares and preferred shares of Pethealth.Under terms of arrangement, former shareholders of Pethealth are entitled to $2.79, in cash, for each common share and each preferred share of Pethealth held.Preferred shareholders are also entitled to receive, in cash, an amount equal to all accrued dividends up to, but not including effective date of arrangement.It is expected that common shares of Pethealth will be delisted from TSX on or about Nov. 18.

Berkshire Hathaway Inc to acquire Duracell Battery business from Procter & Gamble

Thursday, 13 Nov 2014 07:30am EST

Berkshire Hathaway Inc:Enters into definitive agreement with Procter and Gamble (P&G) whereby it will acquire the Duracell battery business from Procter & Gamble (P&G).Pursuant to the agreement, in exchange for a recapitalized Duracell Company, which will include about $1.7 bln in cash at closing, P&G will receive shares of P&G's common stock currently held by Berkshire Hathaway having current value of about $4.7 bln.The transaction is expected to close in the second half of 2015 and is subject to obtaining various regulatory approvals as well as certain other customary closing conditions.

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