January 22, 2018 / 11:57 AM / 8 months ago

AIG to buy reinsurer Validus Holdings for $5.56 billion in cash

Jan 22 (Reuters) - American International Group on Monday said it would buy reinsurer Validus Holdings for $5.56 billion in cash to strenghten its general insurance business.

The offer of $68 per share is at a 45.5 percent premium to Validus’ Friday close. (Reporting by Nikhil Subba in Bengaluru; Editing by Supriya Kurane)

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