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An announcement from Hamilton Insurance Group, Ltd. Class B (HG) is now available.
Hamilton Insurance Group has struck a deal to buy back over 9 million of its Class A common shares from Blackstone-affiliated funds at a discount, for a total of $109.5 million. The transaction is financed by a loan which will be repaid through the Two Sigma Hamilton Fund, with the finalization expected on May 10, 2024. This share repurchase is set to reduce the outstanding shares and has received the nod from the company’s board.
For a thorough assessment of HG stock, go to TipRanks’ Stock Analysis page.