Swiss Re to sell 10.05% stake in Definity Financial for CAD 655 million
SWISS RE LTD S/ADR (SSREY)
NASDAQ:AMEX Investor Relations:
shl-telemedicine.com/about-us/investorrelations
Company Research
Source: GlobeNewswire
ZURICH, March 18, 2025 (GLOBE NEWSWIRE) -- Swiss Re announced an agreement to sell 11,647,217 common shares ("Common Shares") of Definity Financial Corp. (TSX: DFY) ("Definity") representing approximately 10.05% of the issued and outstanding Common Shares as of March 17, 2025 (the "Offering"). The Common Shares are being sold by Swiss Re Investment Holdings Company Ltd on an underwritten block trade basis at a price of CAD 56.20 per Common Share for aggregate cash proceeds of approximately CAD 655 million. The Offering has been underwritten by CIBC Capital Markets and National Bank Financial Inc. (the "Underwriters") and is expected to close on March 19, 2025. Immediately before the Offering, Swiss Re owned 11,647,217 Common Shares, representing approximately 10.05% of the issued and outstanding Common Shares. After giving effect to the Offering, Swiss Re will no longer hold any Common Shares. "We are very impressed with the significant progress Definity has made since its IPO in
Show less
Read more
Impact Snapshot
Event Time:
SSREY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SSREY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SSREY alerts
High impacting SWISS RE LTD S/ADR news events
Weekly update
A roundup of the hottest topics
SSREY
News
- Trump administration moves to dismantle leading climate and weather research center [Los Angeles Times (CA)]Los Angeles Times
- Swiss Re (OTCMKTS:SSREY) was downgraded by analysts at UBS Group AG to a "neutral" rating.MarketBeat
- Los Angeles fires push insurers' disaster losses to $107 billion for 2025 [Los Angeles Times (CA)]Los Angeles Times
- Natural disasters hit global economy for $220bn in 2025: Swiss Re [Yahoo! Finance]Yahoo! Finance
- As catastrophe losses top $100 billion again, insurers are helping policyholders mitigate risk [CNBC]CNBC