Fairfax Announces Successful Completion of Offer for Polish Reinsurer TORONTO, ONTARIO--(MARKET WIRE)--Jan 7, 2009 -- Fairfax Financial Holdings Limited (Toronto:FFH.TO - News)(NYSE:FFH - News)
announces that all regulatory and other conditions to its
public tender offer to acquire all of the outstanding shares
of Polskie Towarzystwo Reasekuracji Spolka Akcyjna ("PTR")
at a price of 1.60 Polish zlotys per share were met today.
As a result, the offer has been successfully completed,
with shareholders holding 100% of the outstanding shares
of PTR tendering to the offer. Fairfax will be taking up
and paying for the tendered shares promptly. Any questions
on the payment process should be directed to Fairfax's financial
advisor, ING Securities S.A. Fairfax Financial Holdings Limited is a financial services holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management. Contact: Contacts:
Fairfax Financial Holdings Limited
Greg Taylor
Chief Financial Officer
(416) 367-4941
Media Contact: Fairfax Financial Holdings Limited
Paul Rivett
Chief Legal Officer
(416) 367-4941
(416) 367-4946 (FAX)
Source: Fairfax Financial Holdings Limited
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