Dec 18 (Reuters) - Fairfax Financial Holdings Limited FFH.TO and Allied World Assurance Company Holdings Ltd AWH.N said on Sunday they agreed to merge in a $4.9 bln cash-and-stock deal, according to a joint news release.
The offer with dividend amounted to $54 per share for Allied World, or an 18 percent premium above the insurance company's closing price on Friday, the release said.