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.
France Makes New Arrests in Louvre Heist; Jewels Still Not Found 
Reinsurers Hold Bulk of Jamaica’s Property Exposures From Hurricane Melissa: Reports 
Jamaica to Get Record $70.8M Parametric Payout for Hurricane Melissa 
Don’t Look Now, But Citizens Is No Longer the Largest Property Insurer in Florida 
