Fairfax Gets Regulatory Nod to Buy Us Insurer Zenith

Summary


MANAVIGATOR-May 20, 2010-Fairfax gets regulatory nod to buy US insurer Zenith (C)2010 M2 COMMUNICATIONS http://www.m2.com

Canada's financial holding company Fairfax Financial Holdings (TSE:FFH) yesterday announced it has won clearance from the California Department of Insurance for the acquisition of US insurer Zenith National Insurance (NYSE:ZNT) in a deal which values the company at USD1.4bn (EUR1.1bn).

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Fairfax Gets Regulatory Nod to Buy Us Insurer Zenith

As a result, the two groups ...

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