AIG to buy Validus Holdings for $5.56 bln
American International Group Inc said Jan. 22 that it agreed to buy Validus Holdings Ltd for $5.56 billion or $68 a share. AIG’s and Validus’s boards have approved the deal. Validus provides reinsurance, primary insurance, and asset management services. Citigroup Global Markets Inc, Perella Weinberg Partners LP and Debevoise & Plimpton LLP advised AIG on the transaction. Validus was advised by J.P. Morgan Securities LLC and Skadden, Arps, Slate, Meagher & Flom LLP.
22 January 2018•9 mins read
