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Canadian Financial Holding Fairfax confirms sales of $1 billion in equity offering
Fairfax Financial Holdings Limited (TSX and NYSE: FFH) confirms that it has received commitments to purchase all of the 2,881,844 subordinate voting shares offered on an agency basis in today’s previously announced equity offering. Together with the 600,000 subordinate voting shares agreed to be purchased by the syndicate of underwriters in the underwritten portion of the offering, Fairfax has received commitments for the purchase of $1 billion of subordinate voting shares. The offering is expected to close on or about September 11, 2009.
Fairfax...
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Ironshore announces completion of $300 million equity capital raise
Ironshore Inc. announced today that it has completed the previously announced equity capital raise of $300 million to support the continued expansion of Ironshore’s specialty insurance business.
Lead investors in this transaction include GTCR Golder Rauner, LLC (“GTCR”), a leading private equity investment firm that initially purchased $200 million of newly issued equity of Ironshore, $50 million of equity capital from investment firm Calera Capital, one of Ironshore’s founding private equity partners, with the remaining $50 million secured... Lire la suite
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Regards,
The News-insurances Team
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