Tuesday, August 28, 2012 7:35:41 AM
SBX / ESGR News
Seabright Insurance Holdings to be acquired by Enstar Group (ESGR) for $11.11 per share (SBX) 8.27 : Enstar Group (ESGR) and SeaBright Holdings (SBX) jointly announce that they have entered into a definitive merger agreement under which Enstar will acquire SBX for $11.11 per share in cash. The purchase price represents a 34.3% premium over SBX's closing price. ESGR expects to finance the aggregate purchase price of ~$252 mln through a combination of cash on hand and a bank loan facility to be finalized before closing.
Seabright Insurance Holdings to be acquired by Enstar Group (ESGR) for $11.11 per share (SBX) 8.27 : Enstar Group (ESGR) and SeaBright Holdings (SBX) jointly announce that they have entered into a definitive merger agreement under which Enstar will acquire SBX for $11.11 per share in cash. The purchase price represents a 34.3% premium over SBX's closing price. ESGR expects to finance the aggregate purchase price of ~$252 mln through a combination of cash on hand and a bank loan facility to be finalized before closing.
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