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Fairfax Financial Holdings Ltd FRFFF


Primary Symbol: T.FFH Alternate Symbol(s):  T.FFH.PR.G | T.FFH.PR.H | FRFXF | T.FFH.PR.I | FRFZF | T.FFH.PR.J | T.FFH.PR.K | T.FFH.PR.M | T.FFH.PR.C | FAXRF | FXFHF | FRFGF | T.FFH.PR.D | FFHPF | FAXXF | FXFLF | FRFHF | T.FFH.PR.E | T.FFH.PR.F

Financial Services Insurance - Property & Casualty
Fairfax Financial Holdings Limited is a Canada-based holding company. The Company, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management. The Company’s segments include Property and Casualty Insurance and Reinsurance, Life insurance and Run-off and Non-insurance companies. The Property and Casualty Insurance and Reinsurance segment includes North American Insurers, Global Insurers and Reinsurers and International Insurers and Reinsurers. The Life Insurance and Run-off segment include Eurolife and Run-off. The Non-insurance companies segment includes restaurants and retail, Fairfax India, Thomas Cook India and others. Eurolife underwrites traditional life insurance policies (endowments, deferred annuities, whole life and term life), group benefits, including retirement benefits, and accident and health insurance policies. The North American Insurers include Northbridge, Crum & Forster and Zenith National.


TSX:FFH - Post by User

Fairfax Financial Holdings Ltd
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Post by sweegocapon Apr 25, 2023 7:34pm
279 Views
Post# 35413574

FFH condoning weak governance?

FFH condoning weak governance?

Thought participants on this board would be interested to know about a situation involving FFH: https://www.newswire.ca/news-releases/avante-logixx-inc-second-largest-shareholder-continues-to-ask-for-governance-improvements-transparency-and-sale-838999615.html

Fairfax is a ~20% holder of Avante Logixx, a tiny ~$20M residential security business in Toronto. 

A year ago, FFH was instrumental in blocking a takeout of Avante at $1.75/sh. The prior CEO returned to run the busines. And multiple governance breaches quickly ensued. 

First, within 30 days of the blocked transaction, the Board issued 1.1 million options at $0.88/sh (~4% of S/O). The prior CEO received 800k options at an $1.02/sh avg. strike. 

The link details more... but it makes little sense why FFH blocked the transaction, offering no explanation.

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