Enstar To Be Acquired By Sixth Street For $338 Per Share In Cash; Transaction Expected Close In Mid 2025, Subject To Approvals
Portfolio Pulse from Benzinga Newsdesk
Enstar Group Limited (ESGR) is set to be acquired by Sixth Street for $338 per share in cash. The transaction is expected to close in mid-2025, pending necessary approvals.
July 29, 2024 | 11:10 am
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Enstar Group Limited (ESGR) will be acquired by Sixth Street for $338 per share in cash. The transaction is expected to close in mid-2025, pending necessary approvals.
The acquisition price of $338 per share represents a premium over the current trading price, which is likely to drive the stock price up in the short term. The deal's completion is contingent on regulatory and other approvals, expected by mid-2025.
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