Bermuda insurers lock horns (Dealscape

IPC Holdings Ltd. and Validus Holdings Ltd. squared off with public statements Monday over their potential $1.6 billion merger, which despite the continued sparring seems a likely outcome.

On June 12, IPC Holdings shareholders voted against a merger with Max Capital Group Ltd. that at the time of the vote valued IPC Holdings at about $29.20 per share in a share exchange under Bermuda law. That deal also involved payment of special dividends of $1.50 and $1 per share at the time of and after the close of the deal.

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37 articles related to Validus Holdings Ltd.
34 articles related to IPC Holdings Ltd.
31 articles related to Max Capital Group Ltd.
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NOT A SUBSCRIBER? Bermuda insurers lock horns Posted on June 16, 2009 10:15 AM IPC Holdings Ltd. and Validus Holdings Ltd. squared off with public statements Monday over their potential $1.6 billion merger, which despite the continued sparring seems a likely outcome. On June 12, IPC Holdings shareholders voted against a merger with Max Capital Group Ltd. that at the time of the vote valued IPC Holdings at about $29.20 per share in a share exchange under Bermuda law. That deal also involved payment of special dividends of $1.50 and $1 per share at the time of and after the close of the deal. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 913 in-depth reports of M&A deals in the Financial Services sector 37 articles related to Validus Holdings Ltd. 34 articles related to IPC Holdings Ltd. 31 articles related to Max Capital Group Ltd. 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Idearc Inc. Skadden Arps Deutsche Bank Concho Resources Windstream Corp. Cantor Fitzgerald Pinnacle Foods Lazard Diedrich Coffee MBIA Inc.		EXISTING USERS Username Password Forget your password? Missing a product?

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