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Flagstone Re muscles in on IPC deal
02 July 2009
Flagstone Reinsurance has entered the race to acquire Bermudian reinsurer IPC Holdings with a rival bid, which it says trumps the offer previously made by Validus.
Read more:
[Flagstone Reinsurance]
[IPC Holdings]
[Validus]
[Max Capital]
Flagstone Reinsurance has entered the race to acquire Bermudian reinsurer IPC Holdings with a rival bid, which it says trumps the offer previously made by Validus.
Flagstone will exchange 2.638 of new shares for each IPC share plus $5.50 per share in cash for total consideration of $33.62 compared to IPC...
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