XL Capital announced that the underwriters exercised their options to purchase an additional 18,750,000 ordinary shares and an additional 3,000,000 equity security units in connection with XL’s previously announced plans to sell 125,000,000 ordinary shares and 20,000,000 equity security units.
XL said that “following closing of both offerings on August 5, 2008, total gross proceeds to XL are expected to be approximately $2.875 billion.
Source: XL Capital – www.xlcapital.com
Topics Underwriting
Was this article valuable?
Here are more articles you may enjoy.
CVC-Backed Home Insurance Firm Bamboo Said to Postpone IPO 
Morgan & Morgan Plans to Spend $1B on AI Platform in Coming Years 
Florida’s Commercial Clearinghouse Plan Hits a Snag, With OIR and Board Concerns 
Musk’s Boring Co. Working on Tunnel to Link Austin and San Antonio 
