Fairfax Provides American Safety with Waiver under Merger Agreement
31 Luglio 2013 - 2:00PM
Business Wire
American Safety Insurance Holdings, Ltd. (NYSE: ASI) announced
that Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) has
provided American Safety with a waiver of certain provisions under
the merger agreement between the companies. The waiver will enable
American Safety’s Board of Directors to provide, consistent with
its fiduciary duty, Catalina Holdings (Bermuda) Ltd. access to
certain non-public information relating to American Safety, and to
engage in discussions and negotiations with Catalina regarding its
proposal to acquire American Safety.
About Us:
For over 25 years, American Safety Insurance Holdings, Ltd.
(NYSE:ASI), a Bermuda holding company, has offered innovative
solutions outside the U.S. in the reinsurance and alternative risk
markets through its subsidiaries, American Safety Reinsurance, Ltd.
and American Safety Assurance, Ltd., and in the U.S. for specialty
risks and alternative risk markets through its program
administrator, American Safety Insurance Services, Inc., and
insurance company subsidiaries and affiliates, American Safety
Casualty Insurance Company, American Safety Indemnity Company, and
American Safety Risk Retention Group, Inc. As a group, ASI’s
insurance subsidiaries and affiliates are rated “A” (Excellent) IX
by A.M. Best. For additional information, please visit
www.asih.bm.
American Safety Insurance Holdings, Ltd.Investor
Relations:Stephen R. Crim, 441-296-8560scrim@amsafety.bmorAmerican
Safety Administrative Services, Inc.Media Relations:Mark W.
Haushill, 770-916-1908mark.haushill@amsafety.com
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