Deal snapshot: MONTPELIER DECLARES SPECIAL DIVIDEND IN CONNECTION WITH ENDURANCE SPECIALTY BUYOUT.
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.
Target: Montpelier Re Holdings Ltd
Buyer: Endurance Specialty Holdings Ltd
Deal size in USD: 1.83bn
Type: Corporate Acquisition
Financing: Cash and Stock
Buyer advisor: , ,
Comment: Special dividend declared
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|Publication:||M & A Navigator|
|Date:||Jun 19, 2015|
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