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.
Warmer World Means Bigger Hail and More Damage, Study Finds 
Artist Suing FIFA Over Destruction of Dallas Whale Mural 
Natural-Disaster Insurance Gap Now Exceeds $420 Billion Globally 
Shipper Escapes $41.9M Award for Man Paralyzed When Lights Fell From Pallet on Him 
