Fairfax Financial Holdings/First Mercury Financial
Fairfax Financial Holdings Limited and First Mercury Financial Corporation (NYSE: FMR) have entered into an agreement whereby Fairfax will acquire all outstanding shares of First Mercury for $16.50 per share in cash, or a total consideration of $294 million.
BofA Merrill Lynch is acting as exclusive financial advisor to First Mercury and McDermott Will & Emery is acting as legal counsel to First Mercury.
Shearman & Sterling LLP is acting as legal counsel to Fairfax.
The transaction is expected to close in Q111.
BofA Merrill Lynch is acting as exclusive financial advisor to First Mercury and McDermott Will & Emery is acting as legal counsel to First Mercury.
Shearman & Sterling LLP is acting as legal counsel to Fairfax.
The transaction is expected to close in Q111.
