American International Group Inc :Upon closing of AIG deal, Ascot will continue to operate as a stand-alone business governed by its own board, lead by CEO Andrew Brooks.
Conduit Capital Ltd : Conduit capital has concluded sale of shares agreements with Snowball Wealth and Midbrook Lane . Snowball Wealth's NAV at determination date estimated to be 464.6 mln rand, Midbrook Lane's NAV estimated to be 167.7 mln rand .Snowball Wealth purchase consideration, Midbrook Lane purchase consideration is to be settled by issuing of co's shares.
Randall & Quilter Investment Holdings Ltd : Has agreed to acquire RLGI, a UK non-life insurance company in run-off, from Royal London Mutual Insurance Society Limited .Agreed purchase price is 11.9 mln stg and represents a small discount to RLGI's net assets of 13.5 mln stg as at year-end 2015.
Gjensidige : Wants to merge subsidiaries Gjensidige Bank and Gjensidige Investeringsraadgivning . The rationale for merging the two entities is to improve competitiveness and efforts within the savings market and secure a more efficient operation within the Gjensidige Group . Boards of the two entities have decided to commence preparations for a merger plan . The board of Gjensidige Bank decided to apply for a license from the Norwegian Financial Supervisory Authority to provide investment services in order to pursue the merger Further company coverage: [GJFS.OL] (Reporting By Terje Solsvik) ((email@example.com;)).
Vienna Insurance Group : Says closes acquisition of BTA Baltic Further company coverage: [VIGR.VI] ((firstname.lastname@example.org; +43 1 531 12 258;)).
Santam Ltd : Santam acquires 100 pct of RMB-SI Investments Proprietary Limited . Santam and shareholders of RMB-SI have reached agreement in terms of which Santam will acquire 100 pct of issued share capital of RMB-SI .Santam believes that this acquisition would be a good strategic fit and that Santam is well positioned to provide a platform for future growth for RMB-SI business.
American International Group Inc :As per termination provisions under stock purchase agreement with Arch Capital Group, Arch has agreed to pay AIG a fee of $150 million.
TOWER Ltd : Zero Commission NZ Limited - unsolicited offer . Notified by Zero Commission NZ Limited Of its intention to approach Tower shareholders with an unsolicited offer . Says offer to buy Tower shares at $1.26 per share . Offer at an 8 pct discount to the market price at close of trading on 10 August 2016 of $1.37 per share . All figures in NZ$ .
:Aig nears deal to sell mortgage insurance unit to arch capital group for about $3.4b - CNBC, citing Dow Jones.