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Allied World announces expiration of 'go shop' period

The 30-day go shop period included in the terms of Allied World Assurance Co. Holdings AG's merger agreement with Fairfax Financial Holdings Ltd. has expired.

During the period, Allied World actively solicited 31 potentially interested parties, none of which executed a confidentiality agreement or expressed interest in pursuing a transaction. No other party proposed an alternative transaction.

The acquisition is expected be completed in the second quarter, subject to regulatory and shareholder approvals.