Fairfax Is Said to Near $1.3 Billion Buyout of Zenith (Update1)

Fairfax Is Said to Near $1.3 Billion Buyout of Zenith (Update1)
Feb. 18 (Bloomberg) — Fairfax Financial Holdings Ltd ., the Canadian insurer run by Prem Watsa , is nearing an agreement to buy California’s Zenith National Insurance Corp. for about $1.3 billion in cash, said two people with knowledge of the matter.

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