Validus Holdings Announces Modified Dutch Auction Tender Offer for $200.0M Validus Common Shares
Validus Holdings, Ltd. (NYSE: VR) announced today that its Board of Directors has approved a modified Dutch auction tender offer pursuant to which the Company may repurchase up to $200.0 million in common shares. The tender offer is part of the Company's existing authorization to return up to $400.0 million to shareholders through share repurchases or other means. As of May 2, 2012, the Company has $370.7 million remaining under this authorization. The tender offer will utilize part of this remaining authorization and not be an additional amount.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.