RenaissanceRe Announces Pricing of Public Offering of 6,300,000 Common Shares
RenaissanceRe Holdings Ltd. (RNR)
Last renaissancere holdings ltd. earnings: 2/4 05:23 pm
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renre.com
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Source: Business Wire
PEMBROKE, Bermuda--(BUSINESS WIRE)--RenaissanceRe Holdings Ltd. (NYSE: RNR) (the “Company” or “RenaissanceRe”) announced today the pricing of an underwritten public offering of 6,300,000 of its common shares at a price to the public of $192.00 per share, before underwriting discounts and commissions. The offering is expected to close on May 26, 2023, subject to customary closing conditions.The Company intends to use the net proceeds from this offering to fund a portion of the cash consideration for the previously announced acquisition of certain subsidiaries of American International Group, Inc., including Validus Holdings, Ltd., Validus Specialty, LLC and Validus Reinsurance Ltd. (the “Validus Acquisition”), to pay related costs and expenses, and for general corporate purposes.Morgan Stanley is acting as lead active bookrunner and Goldman Sachs & Co. LLC is acting as active bookrunner in the offering. The underwriters will have the option to purchase up to an aggregate of 945,000
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- RenaissanceRe Holdings Ltd. (NYSE: RNR) had its price target raised by analysts at JPMorgan Chase & Co. from $204.00 to $237.00. They now have a "neutral" rating on the stock.MarketBeat
- RenaissanceRe Schedules First Quarter 2024 Financial Results Conference Call [Yahoo! Finance]Yahoo! Finance
- RenaissanceRe Schedules First Quarter 2024 Financial Results Conference CallBusiness Wire
RNR
Earnings
- 1/30/24 - Beat
RNR
Sec Filings
- 3/26/24 - Form ARS
- 3/26/24 - Form DEFA14A
- 3/26/24 - Form DEF
- RNR's page on the SEC website