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Deal snapshot: MONTPELIER DECLARES SPECIAL DIVIDEND IN CONNECTION WITH ENDURANCE SPECIALTY BUYOUT.

MANews-(C)2009-2015

Bermuda-based reinsurer Montpelier Re Holdings Ltd.'s (NYSE: MRH) board of directors has declared amspecial dividend of USD 9.89 per common share in connection with its pending acquisition by Endurance Specialty Holdings Ltd. (NYSE: ENH). Under the deal, Endurance will acquire Montpelier Re for around USD 1.83bn in cash and stock. The deal calls for Endurance to pay USD 9.89 in cash and 0.472 Endurance shares for each share of Montpelier.

Country: Bermuda

Sector: Insurance

Target: Montpelier Re Holdings Ltd

Buyer: Endurance Specialty Holdings Ltd

Vendor:

Deal size in USD: 1.83bn

Type: Corporate Acquisition

Financing: Cash and Stock

Status: Agreed

Buyer advisor: , ,

Comment: Special dividend declared

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Publication:M & A Navigator
Date:Jun 19, 2015
Words:114
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