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-Validus Holdings wins regulatory nod for Flagstone acquisition.

BANKING AND CREDIT NEWS-November 29, 2012--Validus Holdings wins regulatory nod for Flagstone acquisition(C)2012 M2 COMMUNICATIONS

29 November 2012 -- Luxembourg-based Flagstone Reinsurance Holdings, S.A. (NYSE: FSR) said that all regulatory approvals required for Validus Holdings, Ltd. (NYSE: VR) to complete the acquisition of Flagstone have been received.

Flagstone said that its shareholders have approved all matters required to be approved by Flagstone's shareholders in order for Validus to acquire Flagstone.

The firm said it expects that the acquisition will be completed prior to the opening of the U.S. markets on November 30, 2012, subject to the satisfaction of customary conditions to closing.

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Publication:M2 Banking & Credit News (BCN)
Date:Nov 29, 2012
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