Barbados-based Everest Re Group, Ltd. announced that it has sold 4,480,135 common shares through an underwriting placement with Goldman Sachs, who will re-offer the shares to investors.
Everest Re recently reported strong first quarter earnings, and upped its forecasts for the year. (See IJ Website April 22.)
Its shares, traded on the New York Stock Exchange, closed at $73.01 yesterday, up $1.31, making the transaction worth around $327 million.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
What Happens to Property Pricing in ’27, Insurance, Reinsurance Execs Ask 
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
‘Ghost Broker’ Who Procured 1,120 Policies Through Fraud Arrested 
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In 
