Market Overview

Validus Wins Required Regulatory Approval for Purchase of Flagstone Reinsurance

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Validus Holdings, Ltd. (NYSE: VR) today announced that it has received all regulatory approvals required to complete the acquisition of Flagstone Reinsurance Holdings, S.A. (NYSE: FSR).

As previously disclosed, the shareholders of Flagstone have approved all matters required to be approved by Flagstone's shareholders in order for Validus to acquire Flagstone. Validus expects to complete the acquisition prior to the open of trading on the New York Stock Exchange on November 30, 2012, subject to the satisfaction of customary conditions to closing.

Posted-In: M&A News

 

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