Sixth Street Taking Enstar Private, Good For Shareholders? [Seeking Alpha]
Enstar Group Limited - Ordinary Shares (ESGR)
US:NASDAQ Investor Relations:
enstargroup.com/investor-relations
Company Research
Source: Seeking Alpha
Follower s Follow Play 7min Summary Enstar Group Limited is being taken private by a consortium led by Sixth Street, with shareholders voting on a $338 per share offer. Common shareholders receive an 8.5% premium, while preferred shareholders retain their shares but face higher dividend suspension risk and miss out on the premium. The acquisition values Enstar at $5.1bn, with a price-to-book ratio of 0.83 and a price-to-earnings ratio of 5.5x. Shareholders must decide to accept the deal or vote against it, with dissenting shares appraised by a third party if the motion passes. Abu Hanifah/iStock via Getty Images Enstar Group Limited ( NASDAQ: ESGR ) acquires and manages insurance and reinsurance companies and portfolios in run-off in Bermuda and internationally. It engages in the run-off property and casualty; other reinsurance; life and catastrophe; and legacy underwriting businesses; as well as investment activities. Enstar has been a successful player in the
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ESGR
News
- Enstar Group Limited (NASDAQ: ESGR) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Identifying 2016 post-election sector outperformers in today's market [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Enstar Group Limited (NASDAQ: ESGR) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Enstar Agrees ADC Agreement with James RiverGlobeNewswire
- Enstar Shareholders Overwhelmingly Approve Sixth Street AcquisitionGlobeNewswire
ESGR
Sec Filings
- 11/13/24 - Form 13F-HR
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- ESGR's page on the SEC website