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OneBeacon Insurance Group Ltd (OB.N)

OB.N on New York Stock Exchange

18.25USD
2:45pm EDT
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$-0.02 (-0.11%)
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$18.27
Open
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$18.48
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Latest Key Developments (Source: Significant Developments)

Onebeacon Insurance Group says Reid t. Campbell appointed CFO
Thursday, 4 May 2017 08:00am EDT 

May 4 (Reuters) - Onebeacon Insurance Group Ltd :Onebeacon insurance group ltd - reid t. Campbell appointed cfo.Onebeacon insurance group ltd- david foy, current cfo will become advisor to white mountain's senior management effective as of may 17- sec filing.  Full Article

OneBeacon to be acquired by Intact Financial for $1.7 bln
Tuesday, 2 May 2017 04:22pm EDT 

May 2 (Reuters) - OneBeacon Insurance Group Ltd ::OneBeacon - to be acquired by intact financial corporation for $1.7 billion; deal for $18.10 per share.OneBeacon- OneBeacon debt of about $275 million to remain outstanding; expects to continue paying qtrly dividends as per past practice prior to deal closing.  Full Article

Intact Financial to buy OneBeacon Insurance
Tuesday, 2 May 2017 04:22pm EDT 

May 2 (Reuters) - Intact Financial Corp :Intact Financial Corporation to acquire US specialty insurer OneBeacon Insurance Group Ltd for US $1.7 billion.Intact Financial Corp - deal to be accretive to net operating income per share within 24 months.Intact Financial Corp - deal accretive to net operating income per share within 24 months of closing.Intact Financial Corp - transaction is expected to be neutral to net operating income per share in 2018.Intact Financial - intends to finance acquisition and related transaction expenses using a combination of $700 million of equity financing among others.Intact Financial Corp - will cancel automatic share purchase plan announced on March 27, 2017 and suspend its normal course issuer bid.Intact Financial Corp- transaction has been unanimously approved by boards of directors of both companies.Intact-Intends to deal expenses also using about $700 million of excess capital and about $1.0 billion of financing comprised of bank term loans and others.Intact-$700 million of equity financing is through $360 million bought deal subscription receipt offering, $340 million private placement of subscription receipts.Intact Financial- OneBeacon has ability to terminate deal subject to $85.1 million termination fee payment,reimbursement of intact's expenses up to $22 million.Intact-$340 million private placement issued to caisse de dépôt et placement du québec, Canada pension plan investment board, Ontario teachers' pension plan.  Full Article

Onebeacon to be acquired by Intact Financial Corporation for $1.7 billion
Tuesday, 2 May 2017 04:16pm EDT 

May 2 (Reuters) - Onebeacon Insurance Group :Onebeacon Insurance Group says deal for $18.10 per share .Onebeacon to be acquired by Intact Financial Corporation for $1.7 billion.In addition, Onebeacon debt of approximately $275 million will remain outstanding.Transaction was unanimously approved by Onebeacon's board of directors.  Full Article

OneBeacon Insurance Group Q2 earnings per share $0.26
Wednesday, 3 Aug 2016 07:00am EDT 

OneBeacon Insurance Group Ltd : Q2 total revenue $309.0 million versus $314.2 million last year . Q2 earnings per share view $0.14 -- Thomson Reuters I/B/E/S . Q2 earnings per share $0.26 .Q2 operating earnings per share $0.09.  Full Article

OneBeacon Declares First Quarter Dividend
Thursday, 25 Feb 2016 08:30am EST 

OneBeacon Insurance Group, Ltd:declared a $0.21 per share quarterly dividend, payable in cash on March 30, 2016, to holders of record of Common Shares as of the close of business on March 11, 2016.  Full Article

OneBeacon declares third quarter dividend
Wednesday, 26 Aug 2015 08:30am EDT 

OneBeacon Insurance Group Ltd:Declares a $0.21 per share quarterly dividend, payable in cash on Sept. 26, to holders of record of Common Shares as of the close of business on Sept. 11.  Full Article