Alleghany: Alleghany shareholders approve $11.6bn merger with Berkshire Hathaway

Alleghany has received shareholder approval for its takeover by billionaire investor Warren Buffett-backed Berkshire Hathaway. Berkshire Hathaway agreed to acquire Alleghany in an all-cash transaction valued at around $11.6bn in March this year. As per the agreement, Berkshire Hathaway will buy all outstanding shares of Alleghany for $848.02 apiece. During the special shareholder meeting, around 84% of Alleghany's outstanding ... The post Alleghany shareholders approve $11.6bn merger with Berkshire Hathaway appeared first on Life Insurance International.