Markel and Alterra shareholders “overwhelmingly” approved the acquisition
February 27th, 2013
Shareholders of Markel Corporation (NYSE: MKL) and of Alterra Capital Holdings (NASDAQ: ALTE) approved “overwhelmingly” the acquisition of Alterra by Markel which in reality has more the character of a merger than an outright acquisition!
Markel’s share price which suffered a lot after announcing the planned acquisition in December recovered since then.
But at yesterday’s closing price of $ 492.16 Markel is still valued at only 1.2 times their December 2012 book value per share of $ 403.85 and the post acquisition combined price/book value per share doesn’t look very different.
So why not snap up some shares at this cheap price?
Categories: Stocks / Aktien