Converium Story is Over: CHR minority interest still trades

on New York Stock Exchange.

Scor SA took them over and deal closed at end of August.

Hope you all got your deal consideration. or cashed out along the way.

Scor did evidently not extend the tender offer to US holders, but this did not lead to collapse in the deal value either.

My understanding is that over time this stub disappears.

It will trade somehow in relation to what Scor is doing in europe and so far earnings are looking bright. Converium's last reported earnings were also upbeat.

The deal here was a cash and stock deal. so most Converium holders in some fashion got exposure to Scor, and it might be worthwhile to continue to follow up on this consolidation story.

There are a few other reinsurance plays that are catching my attention these days and might be worth followup research. more on this later.

over and out, Z