Fairfax To Sell $1B In Shares To Take Over Reinsurer
Fairfax, which gave up a portion of its stake in OdysseyRe in 2001 to raise funds, said Sept. 8 that it will sell nearly 2.9 million shares for $347 each to enable it to finance the purchase of the rest of the Connecticut-based company.
OdysseyRe said it received the unsolicited proposal from Fairfax Sept. 4....
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