The Law Firm Of Levi & Korsinsky, LLP Launches An Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of Alterra Capital Holdings Limited In Connection With The Sale Of The Company To Markel Corp.
Levi & Korsinsky is investigating the Board of Directors of Alterra
Capital Holdings Limited (“Alterra” or the “Company”) (NasdaqGS: ALTE)
for possible breaches of fiduciary duty and other...
Levi & Korsinsky is investigating the Board of Directors of Alterra Capital Holdings Limited (“Alterra” or the “Company”) (NasdaqGS: ALTE) for possible breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the Company to Markel Corp. (“Markel”) (NYSE: MKL). Click here to learn how to join the action: http://zlk.9nl.com/alterra-capital-holdings-limited-alte/, or call: 877-363-5972. There is no cost or obligation to you. Under the terms of the transaction, Alterra shareholders will receive 0.043 Markel share and $10.00 for each share of Alterra stock they own. The transaction has total approximate value of $3.13 billion. The investigation concerns whether the Alterra Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether Markel is underpaying for Alterra shares, thus unlawfully harming Alterra stockholders. If you own common stock in Alterra and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/alterra-capital-holdings-limited-alte/. Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Alterra Capital Holdings (Nasdaq:ALTE) hit a new 52-week high Tuesday as it is currently trading at $31.48, above its previous 52-week high of $31.46 with 221,161 shares traded as of 3:21 p.m. ET. Average volume has been 958,500 shares over the past 30 days.
The ex-dividend date for Alterra Capital Holdings (Nasdaq:ALTE) is tomorrow, May 18, 2012. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $23.29 as of 9:31 a.m., the dividend yield is 2.4%.