AIG In $5.5B Deal For Validus Holdings

1/22/18

Now an acquirer, not a disposer, of assets under its new CEO, AIG agrees to purchase Validus Holdings (NYSE:VR) for $5.56B in cash, or $68 per share - a 45% premium to Friday's close. The deal is to be funded with cash on hand.

The purchase is expected to be immediately accretive to AIG earnings and ROE. Closing is seen in the middle of the year.

A conference call is set for 8 ET.

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