Morgan Stanley Comments On Transatlantic Holdings Bidding War With Berkshire Hathaway

According to Morgan Stanley, Transatlantic Holdings

is part of a bidding war with Berkshire Hathaway. Morgan Stanley said that TRH notes the valuation prescribed to the TRH first from AWH and next from VR left the door open for rival bidders to emerge. “The $52 cash offer is a 15% premium and we think it is likely to close.” Transatlantic Holdings closed on Friday at $45.24.