Reinsurer Transatlantic Holdings said an unsolicited takeover offer Friday from Warren Buffett's Berkshire Hathaway is likely to lead to a superior proposal to its existing merger agreement with a competitor, but is not itself a superior proposal.
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Mon, 08/08/2011 - 4:09pm
Reinsurer Transatlantic Holdings said an unsolicited takeover offer Friday from Warren Buffett's Berkshire Hathaway is likely to lead to a superior proposal to its existing merger agreement with a competitor, but is not itself a superior proposal.