Fidelis Insurance Holdings Enters Into Definitive Agreement To Repurchase All Remaining Common Shares Held By CVC Falcon Holdings For Aggregate Purchase Price Of $163.3M
Benzinga · 03/02 12:11
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Fidelis Insurance Holdings Limited (NYSE:FIHL) ("Fidelis Insurance Group" or the "Company"), a strategic capital allocator and risk selector in specialty insurance and reinsurance, today announced that it has entered into a definitive agreement to repurchase all remaining common shares held by CVC Falcon Holdings Limited ("CVC"), one of our founding shareholders, for an aggregate purchase price of $163,346,230.00.
The Company has agreed to repurchase 8,597,170 common shares at $19.00 per share. As at the date of completion of the transaction, CVC will no longer hold any ownership interest in Fidelis Insurance Group.
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