We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Argo Group International Holdings, Ltd. (“Argo” or the “Company”) (NYSE: ARGO), in connection with the proposed acquisition of the Company by Brookfield Reinsurance Ltd. (NYSE: BNRE). Under the terms of the merger agreement, the Company’s shareholders will receive $30.00 in cash for each share of Argo common share owned. The transaction is valued at approximately $1.1 billion.
Weiss Law is investigating whether (i) Argo’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $30.00 per share merger consideration adequately compensates Argo’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.