January 22, 2018 / 11:58 AM / 6 months ago

BRIEF-AIG To Buy Validus For $5.56 Billion In Cash

Jan 22 (Reuters) - American International Group Inc:

* AIG TO ACQUIRE VALIDUS FOR $5.56 BILLION IN CASH

* VALIDUS HOLDINGS LTD - ALL-CASH TRANSACTION OF $68.00 PER VALIDUS SHARE

* VALIDUS HOLDINGS LTD - ‍ACQUISITION EXPECTED TO BE IMMEDIATELY ACCRETIVE TO AIG'S EARNINGS AND RETURN ON EQUITY​

* VALIDUS HOLDINGS LTD - ‍TRANSACTION HAS BEEN UNANIMOUSLY RECOMMENDED BY BOARDS OF DIRECTORS OF AIG AND VALIDUS​

* VALIDUS HOLDINGS LTD - AIG TO FUND TRANSACTION BY CASH ON HAND Source text for Eikon: Further company coverage:

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