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AIG to acquire Validus for $5.56bn

Written by Adam Cadle
22/01/2018

American International Group has announced it has entered into a definitive agreement to acquire all outstanding common shares of Validus Holdings, a provider of reinsurance, primary insurance and asset management services.

The transaction enhances AIG’s general insurance business, adding a leading reinsurance platform, an insurance-linked securities asset manager and a presence at Lloyd’s.

Holders of Validus common shares will receive cash consideration of $68 per share, for an aggregate transaction value of $5.56bn.

AIG CEO and president Brian Duperreault said: “I am confident tha Validus will thrive within AIG and strengthen our ability to deliver profitable growth for our shareholders as we strategically position AIG for the future.”

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