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Validus Extends Tender Offer Expiration for Transatlantic

Posted on 01 Nov 2011

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Validus Holdings, Ltd. today announced that it has extended its Exchange Offer for all of the outstanding shares of common stock of Transatlantic to 5:00 p.m., Eastern time, on Friday, November 25, 2011, unless further extended by Validus.

As of 5:00 p.m., Eastern time, on Monday, October 31, 2011, approximately 556,046 shares of Transatlantic common stock (including approximately 20,329 shares subject to guaranteed delivery procedures) had been tendered in and not withdrawn from the Exchange Offer.

Validus and Transatlantic continue to exchange information and remain in discussions regarding a possible transaction, but there can be no assurance that a transaction will be consummated as a result of the ongoing discussions.