Fairfax Financial To Acquire ASI For $306 Million

Mani

Published onJune 13, 2013

Updated on May 13, 2021

Fairfax Financial Holdings Ltd (OTCMKTS:FRFHF) (TSE:FFH) agreed to acquire American Safety Insurance Holdings, Ltd. (NYSE:ASI) for $306 million, according to a 13D filing.

American Safety Insurance Holdings, Ltd. (NYSE:ASI) indicated that on June 2, 2013, it has entered into an agreement and plan of merger with Fairfax and Fairfax Bermuda Holdings Ltd. Post-merger, American Safety Insurance Holdings, Ltd. (NYSE:ASI) would continue as the surviving corporation and an indirect wholly-owned subsidiary of Fairfax.

Fairfax Financial Holdings Ltd (OTCMKTS:FRFHF) (TSE:FFH), a financial services holding company, intends...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Fairfax Financial To Acquire ASI For $306 Million

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