Canadian pension fund giant the Ontario Municipal Employees Retirement System (Omers) is in talks with Fairfax Financial to help fund the latter's takeover of Allied World, according to Bloomberg.
The newswire service reported on Thursday (5 January) that Omers could take a minority stake in Allied World and reduce the financing cost for Fairfax CEO Prem Watsa. Other potential backers are also understood to be involved in discussions.
Under the terms of the $4.85bn deal announced on 18 December, $5...
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