NU Online News Service, June 1, 3:49 p.m. EDT
Validus Holdings' hostile takeover bid for IPC Holdings does not appear to have much support from IPC stockholders, a Bermuda judge said last week.
Despite these and other negative comments coming from the Bermuda Supreme Court last week, Validus insisted that it had come out ahead in a ruling of its "Scheme of Arrangement" to acquire all shares of IPC.
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