AIG: takes over Validus

(CercleFinance.com) - AIG (American International Group) has announced a definitive agreement to acquire all of the Validus' shares in issue.
This reinsurance group also provides primary insurance and asset management services.

Each Validus shareholder will receive 68 dollars per share in cash, with the transaction worth a total of 5.56 billion dollars, with the acquisition paid for by AIG's free cash. Subject to customary conditions, the deal is expected to be closed in mid-2018.

The US insurance company, which was saved from bankruptcy by the US government during the 2008 financial crisis, believes that this transaction will enhance its EPS and return on equity.


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