Fairfax acquires Zenith
Fairfax, the acquisitive financial holdings company, has bought US workers compensation insurer Zenith for $1.4bn.
In the agreed merger, Fairfax values Zenith at $38 per share, a 31.4% premium on Zenith's closing price at the close of trading on February 17.
Zenith's stock shot up 30% on the news, rising to $37.87
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