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Alleghany's offer already has the support of Davis Selected Advisers, Transatlantic's biggest shareholder, with a voting stake of about 9.9 percent in the reinsurance company.
The shares sold represent a 21percentt economic stake in the company, but they carry a voting stake of about 3percentt.
A couple of years ago, several hedge funds did some fancy footwork to influence the outcomes of mergers and proxy fights by buying a voting stake in companies without actually holding the same economic interest in the business.
In its latest ruling, Cade said the Italians could regain a voting stake in the Brasília-based phone company, but would have to abstain from decisions involving wireless and long-distance services -- areas where the two companies would compete.
The flare-up in the dispute between Brasil Telecom and Telecom Italia comes three weeks after Brazil's antitrust agency ruled that the Italian company could regain a voting stake in the Brazilian company if it abstained from decisions involving wireless and long-distance services -- areas where the two groups would compete.
In addition to taking a voting stake in Swiss Re, Buffett promised to shoulder 20.0% of the company's property and casualty business until 2013.
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The founder of SRA, Dr. Voleganu, who has a 71 percent voting stake, is an Air Force veteran and former member of the Nuclear Regulatory Commission.
Federal law limits foreign ownership of an airline to a 25percentt voting stake and 49percentt of equity.
AT&T has a 69percentt financial stake and a 95percentt voting stake in the Latin American company, which is based in Washington.
The maker of WeChat, China's largest messaging service, already owns shares that give it a 15percentt voting stake in eLong, which said in a statement that it is still considering the offer.
Mr. Stronach and his family control Magna, which makes auto parts and assembles vehicles, through a special class of shares that gives them a 54.7 percent voting stake even though they own just 1 percent of the company's equity.
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