RenaissanceRe (RNR) Prices 6.3M Share Offering at $192/sh
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RenaissanceRe Announces Pricing of Public Offering of 6,300,000 Common Shares
May 23, 2023 7:40 PM EDTPEMBROKE, Bermuda--(BUSINESS WIRE)-- RenaissanceRe Holdings Ltd. (NYSE: RNR) (the Company or RenaissanceRe) announced today the pricing of an underwritten public offering of 6,300,000 of its common shares at a price to the public of $192.00 per share, before underwriting discounts and commissions. The offering is expected to close on May 26, 2023, subject to customary closing conditions.
The Company intends to use the net proceeds from this offering to fund a portion of the cash consideration for the previously announced acquisition of certain subsidiaries of American International Group, Inc., including Validus Holdings, Ltd., Validus Specialty, LLC and... More
