Validus Holdings receives regulatory approvals for Flagstone acquisition Flagstone Reinsurance Holdings (FSR) announced that all regulatory approvals required for Validus Holdings, Ltd. (VR) to complete the acquisition of Flagstone have been received. As previously disclosed, the shareholders of Flagstone have approved all matters required to be approved by Flagstone's shareholders in order for Validus to acquire Flagstone. Flagstone expects that the acquisition will be completed prior to the opening of the U.S. markets on November 30, subject to the satisfaction of customary conditions to closing.
News For FSR;VR From The Last 14 Days
Check below for free stories on FSR;VR the last two weeks.
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.