Monday, December 21, 2009

Odyssey Re Holdings Corp. Sale beneath Investigation

An analysis on account of accepted investors Odyssey Re Holdings Corp. (Public, NYSE:ORH), who purchased the shares afore September 04, 2009, over abeyant breaches of fiduciary assignment and added violations of accompaniment law in affiliation with an declared arbitrary takeover amount were announced.

Those who currently are investors in shares of Odyssey Re Holdings Corp. (Public, NYSE:ORH), and purchased the shares afore September 04, 2009, and / or accept added advice apropos to the investigation, should acquaintance the Shareholders Foundation, Inc. at email: mail(at)shareholdersfoundation.com or alarm us at: +1 (858) 779 - 1554. The analysis by a law close focus on abeyant breaches of fiduciary assignment and added violations of accompaniment law by the Board of Directors of Odyssey Re Holdings Corp. (Public, NYSE:ORH) arising out of their attack to advertise Odyssey Re Holdings to. Fairfax Financial Holdings Limited. Odyssey Re Holdings Corp. (NYSE: ORH) appear on September 08, 2009 that it accustomed on September 4, 2009 an unsolicited angle from Fairfax Financial Holdings Limited (TSX and NYSE: FFH) to access all of the outstanding shares of accepted banal of OdysseyRe Holdings Corp. that it does not currently own for $60 per allotment in cash. Odyssey Re Holdings Corp appear that Financial Holdings Limited currently owns about 72.6% of all outstanding shares of accepted banal of OdysseyRe Holdings Corp.

According to an analysis by a law close “the transaction appears to be unfair” to accepted investors of Odyssey Re Holdings Corp. (NYSE: ORH) because the “offer to acquirement Odyssey Re Holdings at $60 per allotment appears opportunistically timed to crop advantage of the accepted bread-and-butter downturn”. Another analysis “concerns whether the application to be paid to ORH shareholders is grossly unfair, inadequate, and essentially below the fair or inherent amount of ORH” and “whether the admiral of ORH, including any appropriate board members, may accept breached their fiduciary duties by not acting in ORH shareholders' best interests in affiliation with the auction action of ORH”.

No comments:

Post a Comment