AXIS Completes $350 M Investors' Shares Buyback
NU Online News Service, Feb. 14, 11:59 a.m. EST?Bermuda-based AXISCapital Announces $350M Share RepurchaseNU Capital Holdings Limited announced today that it will close Wednesday on the repurchase of $350 million worth of stock owned by the insurer's initial investors.[@@]
AXIS said the repurchase of 12,783,094 common shares will be made using existing cash on hand.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
