Alleghany

Alleghany is a property-and-casualty reinsurance company that executes certain private capital investments. It operates through two segments: reinsurance and insurance. The reinsurance segment offers reinsurance services for a range of property insurance products, such as fire, allied lines, auto physical damage, and homeowners multiple peril lines; and casualty and other products, including liability, medical malpractice, ocean marine and aviation, auto liability, accident and health, surety, and credit. This segment provides property and casualty reinsurance to insurers and reinsurers through brokers and on a direct basis to ceding companies. The insurance segment underwrites specialty insurance coverages in the property, umbrella/excess liability, general liability, directors and officers liability, and professional liability lines of insurance; surety products, such as commercial surety bonds and contract surety bonds; and workers’ compensation insurance. This segment offers its products through insurance brokers, and independent and general insurance agents. The company also manufactures and remanufactures/retrofits precision machine tools and supplies replacement parts; owns and manages properties comprising improved and unimproved commercial land, and residential lots in Sacramento, California; and manages, sources, executes and monitors private equity investments. As of December 31, 2012, it owned approximately 320 acres of property in various land use categories ranging from multi-family residential to commercial. Alleghany Corporation was founded in 1929 and is based in New York, New York.

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It's another example of CEO Warren Buffett's good investing instincts.

3 Reasons Alleghany Is a Perfect Fit for Berkshire Hathaway

At 1.5% the size of Berkshire, Alleghany is hardly a game changer, but its fit within reinsurance and manufacturing/consumer units make it a highly desirable acquisition.

Is Berkshire Hathaway A Buy As It Acquires Alleghany?

Berkshire Hathaway's acquisition of Alleghany could be more relevant to your investments than you might think.

3 Lessons You Can Learn From Warren Buffett's $11.6 Billion "Elephant" Buy

Previous annual shareholder letters might forecast Warren Buffett's next move.

Why Warren Buffett's Spending Spree Could Continue With This 1 Stock

Warren Buffett's $11.6 billion acquisition is his biggest since 2016.

Why Alleghany Is the Ideal Buffett Acquisition

Warren Buffett (Trades, Portfolio) has often been criticized as holding “too much cash” at Berkshire Hathaway ( BRK.A , Financial)( BRK.B , Financial), which equated to a staggering $144 billion at the start of 2022. Now of course, Buffett is well aware of the effects of inflation, which erodes the purchasing power of cash, but he has stuck to his disciplined style of only investing into great opportunities.

Diving Into Buffett's $11 Billion Alleghany Purchase

Berkshire Hathaway (BRK.B) agrees to purchase conglomerate Alleghany, ending Warren E. Buffett's six-year drought of large buyouts.

Berkshire (BRK.B) Ups Insurance Game With $11.6B Alleghany Deal

Buffett subtracted $27 million — or the fee Alleghany is paying Goldman Sachs to be its advisor during the deal process — from the price tag.

Warren Buffett's disdain for investment banking 'money-shufflers' leads to lower takeover price for Alleghany Corp. shareholders

Investors are impressed by Berkshire Hathaway's ( BRK.A , Financial)( BRK.B , Financial) announcement on Monday that it will acquire Alleghany Corp. ( Y , Financial) for $848.02 per share in an $11.6 billion blockbuster deal. The offering price is an over 25% premium to Alleghany's closing price last week and a 16% premium to its 52-week high closing price.

Investors Energized by Berkshire's Alleghany Acquisition

Wilmington, Delaware--(Newsfile Corp. - March 21, 2022) - Rigrodsky Law, P.A. is investigating Alleghany Corp. ("Alleghany") (NYSE: Y) regarding possible breaches of fiduciary duties and other violations of law related to Alleghany's agreement to be acquired by Berkshire Hathaway. Under the terms of the agreement, Alleghany's shareholders will receive $848.02 in cash for each share of Alleghany common stock they own. To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-alleghany-corp.To contact Seth...

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Alleghany Corp. Buyout

On Monday, shares of Alleghany Corp. ( Y , Financial) surged more than 20% on the back of announcing it has entered into a definitive agreement in which Warren Buffett (Trades, Portfolio)'s Berkshire Hathaway Inc. ( BRK.A , Financial)( BRK.B , Financial) will acquire the New York-based property and casualty insurance company for approximately $848.02 per share in cash.

Alleghany Springs Higher on Berkshire Merger Announcement

NEW YORK , March 21, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Alleghany Corporation ("Alleghany" or the "Company") (NYSE: Y) in connection with the proposed acquisition of the Company by Berkshire Hathaway ("Berkshire") (NYSE: BRK.A; BRK.B).  Under the terms of the merger agreement, the Company's shareholders will receive $848.02 in cash for each share of Alleghany common stock owned.

SHAREHOLDER ALERT: Weiss Law Investigates Alleghany Corporation

Warren Buffett views trust and "integrity" as essential in the workplace. That's likely why he seems confident that Berkshire Hathaway's latest acquisition will succeed.

Warren Buffett paid $11.6 billion for a company run by his 'long-time friend' — here's why he values trust so much

Is Berkshire Hathaway a Buy After Alleghany Acquisition?

Warren Buffett's Berkshire Hathaway struck an agreement to buy insurance company Alleghany Corp. for $11.6 billion.

Warren Buffett inks $11.6B deal for insurer Alleghany

Warren Buffett put some of Berkshire Hathaway's (BRK.B, $342.41) massive cash pile to work on Monday, striking a deal to acquire insurer Alleghany (Y, $676.75) for $11.6 billion in cash. The purchase adds to Berkshire's already sprawling core of insurance operations, which include Geico, General Re and National Indemnity Company.

Warren Buffett's Berkshire Hathaway to Buy Insurer Alleghany for $11.6 Billion

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Alleghany Corporation (NYSE: Y) to Berkshire Hathaway Inc. for $848.02 per share in cash is fair to Alleghany shareholders. Halper Sadeh encourages Alleghany shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whethe

Alleghany (Y) Stock Alert: Halper Sadeh LLP Announces Investigation Into Whether the Sale of Alleghany Corporation Is Fair to Shareholders

Warren Buffett (Trades, Portfolio) has finally fired his elephant gun, deploying some of Berkshire Hathaway's ( BRK.A , Financial)( BRK.B , Financial) massive cash pile. The conglomerate announced on Monday that it will be acquiring insurance group Alleghany Corporation ( Y , Financial) for a consideration of $848.02 per share, or $11.6 billion.

Berkshire Pounces on Alleghany With $11.6 Billion Deal

Berkshire Hathaway (BRK.A) has announced an $11.6 billion acquisition of insurer Alleghany Corporation (Y).

Berkshire Hathaway (BRK.A) Buys Insurer Alleghany Corporation (Y)

It may not be the "elephant-sized" deal that Warren Buffett has long promised, but Berkshire Hathaway is making its biggest acquisition in years: it's buying insurer Alleghany for $11.6 billion in cash.

Buffett's Berkshire Hathaway is buying insurer Alleghany for $11.6 billion

Berkshire Hathaway (NYSE: BRK-A; BRK-B) is buying Alleghany Corporation (NYSE: Y) in a deal valued at $11.6 billion. These are the details.

Why Berkshire Hathaway Is Buying Alleghany (Y) For About $11.6 Billion

Warren Buffet is buying Alleghany Corporation (NYSE: Y) for $11.60 billion – an announcement that sent shares of the insurance company up 25% on Monday. A 25% premium for Alleghany shareholders The $848.02 a share cash deal represents a 25% premium for Alleghany stockholders.

Warren Buffet just disclosed his largest deal since 2016

The insurer just announced some game-changing news.

Here's Why Alleghany Is Soaring Today

Warren Buffett's Berkshire Hathaway is sitting on a near-record high $146.7 billion cash pile despite the huge buybacks it made over the past couple of years.

Factbox-Warren Buffett's dealmaking spree over the years

MILWAUKEE, March 21, 2022 /PRNewswire/ -- Ademi LLP is investigating Alleghany (NYSE: Y) for possible breaches of fiduciary duty and other violations of law in its transaction with Berkshire Hathaway.  Click here to learn how to join the action: https://www.ademilaw.com/case/alleghany-corporation or call Guri Ademi toll-free at 866-264-3995.

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