Alterra Capital Holdings Limited (ALTE) Is Investigated by Faruqi & Faruqi, LLP for Potential Breaches of Fiduciary Duties
17 Enero 2013 - 12:22PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Alterra Capital Holdings Limited (“Alterra” or the
“Company”) (NASDAQ: ALTE) for potential breaches of fiduciary
duties in connection with their conduct related to the sale of the
Company to Markel Corp. (“Markel”) (NYSE: MKL) in a cash-and-stock
deal valued at approximately $3.13 billion. Under the terms of the
proposed transaction, Alterra’s stockholders will receive 0.043
Markel share and $10 in cash for each share of Alterra common stock
they own. Based on Markel’s closing price of $459.30 as of January
16, 2013, the deal values Alterra at about $29.75 a share, while
according to Yahoo! Finance, at least one financial analyst has set
a price target of $31 for Alterra.
Request more information now by clicking here:
www.faruqilaw.com/ALTE. There is no cost or
obligation to you.
The investigation focuses on whether Alterra’s Board of
Directors breached their fiduciary duties to the Company’s
stockholders by failing to conduct an adequate and fair sales
process prior to agreeing to this proposed transaction, whether and
by how much this proposed transaction undervalues the Company to
the detriment of Alterra’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Alterra and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/ALTE or contact Juan E. Monteverde,
Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone
at (877) 247-4292 or (212) 983-9330.
Contact:
Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212)
983-9330
Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
Alterra Capital Holdings Limited (MM) (NASDAQ:ALTE)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Alterra Capital Holdings Limited (MM) (NASDAQ:ALTE)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
Real-Time news about Alterra Capital Holdings Limited (MM) (NASDAQ): 0 recent articles
Más de Faruqi & Faruqi, LLP Artículos de Noticias