Bermuda’s Montpelier Re Holdings Ltd. announced that certain of its founding shareholders have completed their sale of an aggregate of 3,500,000 common shares of the Company to Credit Suisse First Boston LLC at a price of $36.65 per share (See IJ Website Nov. 18).
The announcement noted: “The shares were sold under the Company’s Form S-3 shelf registration statement which was declared effective on February 23rd, 2004. The selling shareholders are Cypress Associates II (Cayman) L.P. and entities associated with it and DLJMB Overseas Partners III, C.V. and associated funds.”
Montpelier Re did not sell any shares pursuant to the offering, nor did it receive any if the proceeds, which were received by the selling shareholders.
Was this article valuable?
Here are more articles you may enjoy.
FEMA’s New Flood Maps Means More Homes Require Flood Insurance: Cotality 
Musk’s Boring Co. Working on Tunnel to Link Austin and San Antonio 
Florida OIR Approves Four More HO Rate Cuts as Citizens Keeps Shrinking 
Florida’s Commercial Clearinghouse Plan Hits a Snag, With OIR and Board Concerns 
