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.
Jury Awards 78-Year-Old Victim $56 Million for Crash Caused by Amazon Delivery Driver 
Why El Niño’s Promise of Quieter Hurricane Season May Not Be Good News for Insurers 
Insurer Interest in AI Exclusions Growing as Risk Becomes Omnipresent 
Florida’s Share of Claims Lawsuits Now About Half of 2020 Numbers, Data Show 
