Fairfax to pay $4.9bn for Allied World

Canada's Fairfax Financial has swooped on Allied World with
an agreed $4.9bn bid that will give the target's shareholders
up to 27 percent of the enlarged company.
Fairfax is offering $54 per Allied World share for the company,
through a potentially moveable combination of stock and cash.
Under the terms of the agreement, Allied World shareholders will
receive cash consideration of $10 for each Allied World share,
$5.00 of which will be paid in the form of a pre-closing cash...