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0 0.00635488681035653 0.00397993764402882 -0.00184899010437839 -0.0109258506167818 -0.00894130405313814 -0.00791243052731461 0.000810627626406462
Stock impact report

White Mountains Sells Majority Stake In Bamboo In $1.75 Billion Deal [Yahoo! Finance]

White Mountains Insurance Group, Ltd. (WTM) 
Last white mountains insurance group, ltd. earnings: 2/6 08:00 am Check Earnings Report
US:NYSE Investor Relations: whitemountains.com
Company Research Source: Yahoo! Finance
a controlling interest in Bamboo , its technology-driven homeowners' insurance distribution platform, to funds advised by CVC Capital Partners The deal values Bamboo at $1.75 billion. Operating in California and Texas, Bamboo specializes in data-enabled underwriting and distribution for the residential property market. White Mountains Insurance said the deal is expected to add about $310 to its book value per share and generate roughly $840 million in net cash proceeds. Also Read: Top Wall Street Forecasters Revamp W. R. Berkley Expectations Ahead Of Q1 Earnings Post-closing, White Mountains will retain a 15% fully diluted equity stake in Bamboo, valued at around $250 million. The transaction is expected to close by the end of the fourth quarter of 2025, subject to regulatory approvals and customary conditions. White Mountains noted the deal is not contingent on financing. Manning Rountree , Chief Executive Officer of White Mountains, said, “It has been our privilege to pa Show less Read more
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