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Enstar Group (ESGR) has provided an update.
Enstar Group Limited has signed a merger agreement with Deer Ltd. and several related entities, backed by Sixth Street Partners, LLC affiliates. This complex series of mergers will result in Enstar becoming a wholly owned subsidiary of an entity controlled by Sixth Street Partners. Shareholders of Enstar will receive cash and possibly preferred shares, while the company’s stock will be delisted from NASDAQ post-merger. The transaction is subject to shareholder and regulatory approvals, and will see key shareholders reinvesting in the new entity.
Learn more about ESGR stock on TipRanks’ Stock Analysis page.