Flagstone Reinsurance shareholders approve acquisition by Validus Flagstone Reinsurance (FSR) announced that, at an extraordinary general meeting of shareholders held on November 28, its shareholders voted to approve the previously announced Agreement and Plan of Merger dated as of August 30 among Flagstone, Flagstone Reinsurance and Validus Holdings(VR). The transaction remains subject to the receipt of regulatory approval and the satisfaction of other customary conditions to closing.
News For FSR;VR From The Last 14 Days
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Validus price target raised to $56 from $43 at Deutsche Bank Deutsche Bank raised its price target for Validus shares to $56 and calls the stock the best value in Property & Casualty space into 2014. The firm keeps a Buy rating on the name.