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Stock Market & Financial Investment News

News Breaks
February 26, 2013
11:01 EDTMKL, ALTEMarkel, Alterra Capital shareholders approve acquisition
Markel Corporation (MKL) and Alterra Capital Holdings Limited (ALTE) announced that their respective shareholders have voted in favor of all proposals necessary for the acquisition of Alterra by Markel. Completion of the transaction remains subject to receipt of regulatory approvals and other customary closing conditions and is expected to occur in 2Q13. Under the terms of the merger agreement, each Alterra common share is converted into the right to receive 0.04315 Markel common shares, plus a cash payment of $10.
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