Fairfax closes $4.9bn Allied World acquisition

Fairfax has completed its $4.9bn takeover of Allied World after its
share exchange offer to the Switzerland-headquartered carrier's
investors closed yesterday.
In a statement Fairfax said 96.1 percent of the shares had been
tendered for the offer and acquired by the Canadian
conglomerate.
Allied World has also declared a special dividend of $5.00 for
all shareholders which tendered their shares as well as all holders
of record at close of trading on 5 July.
As part of the deal Fairfax...