Wolf Haldenstein Investigates Odyssey Re Holdings Corp. Acquisition Proposal
September 08 2009 - 6:32PM
Business Wire
Attorney Advertising. The law firm of Wolf Haldenstein Adler
Freeman & Herz LLP is investigating possible breaches of
fiduciary duty by the Board of Directors of Odyssey Re Holdings
Corp. (“OdysseyRe” or the “Company”) [NYSE:ORH] arising out of the
proposed acquisition by its majority shareholder, Fairfax Financial
Holdings Limited (“Fairfax”).
On Tuesday, September 08, 2009, OdysseyRe announced that it had
received an unsolicited proposal from Fairfax on September 4, 2009.
The proposal is for Fairfax to buy all of the company’s outstanding
shares of common stock it does not yet own for $60 per share.
Fairfax currently owns 72.6% of outstanding shares of common stock
of OdysseyRe. Wolf Haldenstein is investigating if the OdysseyRe
Board of Directors and Fairfax, as majority shareholder of the
company, have breached their fiduciary duties and utilized insider
information to construct the proposal.
Wolf Haldenstein has been representing individual and
institutional investors for many years, serving as lead counsel in
numerous cases in U.S. federal and state courts. Please visit the
Wolf Haldenstein website (http://www.whafh.com) for more
information about the firm.
If you own OdysseyRe common stock and you wish to discuss this
matter with us, or have any questions concerning your rights and
interests with regard to this matter, please contact:
Gustavo Bruckner or Derek Behnke Wolf Haldenstein Adler Freeman
& Herz LLP 270 Madison Avenue New York, New York 10016 Phone
Numbers: (800) 575-0735 (212) 545-4600
Email: bruckner@whafh.com
Classmember@whafh.com
Website: http://www.whafh.com
Attorney Advertising. Prior Results Do Not Guarantee A Similar
Outcome.
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