Fairfax Monetary Holdings Limited (“Fairfax”) announces the successful completion these days of its acquisition of Zenith National Insurance Corp. (“Zenith”) for $38.00 per share in money. As a outcome of the merger, Zenith shares is going to be delisted from your New York Inventory Exchange prior to the open of trading tomorrow.
Holders of physical certificates representing shares of Zenith typical inventory will obtain a letter of transmittal along with other components from your paying agent in connection with the transaction. These materials will have to be completed and returned to the spending agent in order for this kind of stockholders to receive the merger consideration. Persons whose shares of Zenith typical stock are held in book entry kind ought to anticipate to obtain the merger thing to consider through their broker or other nominee or directly from the paying agent within around seven business days, and should make contact with their broker, nominee or other financial adviser for additional guidelines.
Fairfax Financial Holdings Restricted is really a financial services holding company which, via its subsidiaries, is engaged in house and casualty insurance and reinsurance and investment management.
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Posted on Friday, 21 May 2010
Fairfax Announces Completion of Acquisition of Zenith National Insurance Corp.
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