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Flagstone Re muscles in on IPC deal

02 July 2009

Flagstone Reinsurance has entered the race to acquire Bermudian reinsurer IPC Holdings with a rival bid, which it says trumps the offer previously made by Validus.

Read more: [Flagstone Reinsurance] [IPC Holdings] [Validus] [Max Capital]

Flagstone Reinsurance has entered the race to acquire Bermudian reinsurer IPC Holdings with a rival bid, which it says trumps the offer previously made by Validus.

Flagstone will exchange 2.638 of new shares for each IPC share plus $5.50 per share in cash for total consideration of $33.62 compared to IPC...


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