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Enstar Group Ltd Completes Acquisition Of SeaBright Holdings Inc

Thursday, 7 Feb 2013 04:20pm EST 

Enstar Group Ltd announced that one of Enstar's wholly-owned subsidiaries has completed the previously announced merger with SeaBright, following which SeaBright has become a wholly-owned subsidiary of Enstar. SeaBright stockholders received $11.11 per share in cash, for an aggregate purchase price of approximately $252 million. The transaction was financed in part by a bank loan facility provided by National Australia Bank Limited and Barclays Bank PLC. 

Company Quote

-1.28 -0.83%
26 Dec 2014