Y-- Aleghany Corp.
host.wallstreetcity.com
I don't know if you can get that chart, if not , it shows how Y has outperformed GE, XOM, IBM over the long
term. And the huge decline that appears in the late 1990's was actually an asset spin off of the Chicago Trust
and Title company to the shareholders of Y, the dramatic one day drop was a price adjustment in Y similar
the drops we used to see in stocks when they went x-dividend.
It did sell of a bit further afterward, in the market selloff of Q 3 1998.
Y has also done hugh cash special dividends to the share holders over the years when they sell an asset.
Not every year but a few times. They seem to continuously over time start up asset management businesses
and then sell them off. the biggest one was Investors diversified services that they sold to AXP
in 1983 for 750 million.
They have had a good record of buying and selling assets and businesses. I thinking about buying a small
position and start watching them more. I'd also like to go back and do more historical research of their
business dealings. Do you know of a web resource where you can get older historical developments of a
company?
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Capitol Transamerica Corporation Announces Merger Agreement With Alleghany Corporation July 20, 2001
Capitol Transamerica Corporation announced the signing of a definitive merger agreement under which Alleghany Corporation will acquire Capitol Transamerica at a price of $16.50 per share in cash. Capitol Transamerica is an insurance holding company, based in Madison, Wis., that writes specialty lines of property and casualty insurance as well as fidelity and surety coverages, primarily through its subsidiary, Capitol Indemnity Corporation. The transaction, valued at approximately $182 million, has been approved by the Board of Directors of both Capitol Transamerica and Alleghany Corporation and the parties expect that a closing will occur by the end of 2001.
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ABN AMRO Holding NV Acquires Alleghany Asset Management, a Subsidiary of Alleghany Corporation February 01, 2001
ABN AMRO Holding NV reported that it has completed the previously announced acquisition of Alleghany Asset Management, the fund management subsidiary of Alleghany Corporation.
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ABN AMRO Bank N.V. Acquires Alleghany Asset Management, Substantially Enhancing Asset Management Position in the US October 18, 2000
ABN AMRO Holding NV announced that it has agreed to acquire Alleghany Asset Management, the fund management subsidiary of US-based Alleghany Corporation, for a purchase price of USD 825 million in cash, subject to adjustment. Funding for the transaction may be through the issuance of ordinary shares, from internal sources, or through a combination of these methods. In addition, ABN AMRO has agreed to provide retention payments and other compensation to key employees. Alleghany Asset Management manages assets with a total value of USD 45 billion. . Alleghany Asset Management will be integrated into Private Clients & Asset Management, one of the three newly formed Strategic Business Units within ABN AMRO. The purchase price is subject to adjustment based on changes in net worth between June 30 and the closing and a potential reduction in price if there are substantial withdrawals of assets by clients. It is expected that the closing will occur in the first quarter of 2001.
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Acktion Sells Reynolds Fasteners to Alleghany Corporation Subsidiary April 05, 2000
Acktion announced that it has closed the sale of the assets of its Reynolds Fasteners business to Heads & Threads International LLC, a subsidiary of Alleghany Corporation. The sale price was approximately $45 million.
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Alleghany Corporation to Sell Underwriters Re Group, Inc. Business December 06, 1999
Alleghany Corporation announced that it has signed an agreement in principle to sell its Underwriters Re Group, Inc. property and casualty reinsurance business to Swiss Re America Holding Corporation for $725 million in cash.
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Alleghany Corporation and Burlington Northern Santa Fe Corporation Announces BNSF Repurchase Program August 12, 1999
Alleghany Corporation and Burlington Northern Santa Fe Corporation announced that BNSF agreed to purchase, as part of its previously announced stock repurchase program, 4.345 million shares of its common stock from Alleghany at a price of $29.585 per share. After the sale, Alleghany will continue to own about 18 million shares of BNSF common stock and stated that it continues to consider itself a long-term investor in BNSF.
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The NY Times has some abstracts that go back to 1996....
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FREE ABSTRACT PREMIUM ARCHIVE
December 18, 1997, Thursday
COMPANY NEWS; SPINOFF PLANNED FOR CHICAGO TITLE AND TRUST BUSINESSES
Source: The New York Times
Section: Business/Financial Desk
177 words
Abstract
Alleghany Corp says it will spin off to stockholders the title businesses of its Chicago Title and Trust Co (S)
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Lead Paragraph
The Alleghany Corporation said yesterday that it would spin off to its stockholders the title insurance and real estate-related services businesses of its Chicago Title and Trust Company. The spinoff would take place through a pro rata distribution t...
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October 19, 2000, Thursday
Europeans Buy 2 U.S. Money Managers
By DANNY HAKIM
Source: The New York Times
Section: Business/Financial Desk
547 words
Abstract
Allianz, German company that is Europe's second-largest insurer, agrees to pay up to $2.2 billion to acquire Nicholas-Applegate, privately held firm that manages $45 billion in institutional accounts and mutual funds; ABN Amro, largest Dutch bank, agrees to pay $825 million for Allegheny Asset Management, firm that manages about $45 billion, mostly for institutional clients (M)
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Lead Paragraph
The European appetite for American money management firms continued apace yesterday as two European financial firms struck deals to buy two domestic asset management firms. The deals are part of a trend that has Europeans shopping for American invest... |
