Flagstone Shareholders Approve Acquisition
Validus Holdings, Ltd. today announced that, earlier today [Nov 28], at an Extraordinary General Meeting of Shareholders, the shareholders of Flagstone Reinsurance Holdings, S.A. approved all matters required to be approved by Flagstone’s shareholders in order for Validus to acquire Flagstone, with the support of more than 99% of the shares voted at the meeting. The transaction remains subject to the receipt of regulatory approval and the satisfaction of other customary conditions to closing.
