financetom
Business
financetom
/
Business
/
Enstar Group Goes Private After Completing Sale to Sixth Street
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Enstar Group Goes Private After Completing Sale to Sixth Street
Jul 2, 2025 6:41 AM

09:25 AM EDT, 07/02/2025 (MT Newswires) -- Enstar Group ( ESGR ) said Wednesday that it has completed its $5.1 billion sale to Sixth Street, ending its public listing and transitioning to a private company operating under its current name.

The company said the deal, priced at $338 per ordinary share, also included investments from Liberty Strategic Capital, JC Flowers, and other institutions.

Enstar ( ESGR ) said it will delist its series D and series E preferred depositary shares from Nasdaq and deregister them with the US Securities and Exchange Commission, with a Form 25 filing expected around July 14.

The company said it will not seek a new listing or quotation for these securities.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Almonty Industries Implements 1.5-for-1 Reverse Stock Split in Anticipation of Potential Nasdaq Listing
Almonty Industries Implements 1.5-for-1 Reverse Stock Split in Anticipation of Potential Nasdaq Listing
Jul 3, 2025
07:08 AM EDT, 07/03/2025 (MT Newswires) -- Almonty Industries ( ALMTF ) , a global producer of tungsten concentrate that saw its shares drop more than 3% on Wednesday, said it implemented a 1.5-for-1 reverse stock split to facilitate a potential Nasdaq listing. The company, earlier Thursday said it expects that the shares will begin trading on a post-consolidation basis...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
General Dynamics Lands $1.85 Billion Pentagon Deal To Bolster US Naval Strength
General Dynamics Lands $1.85 Billion Pentagon Deal To Bolster US Naval Strength
Jul 3, 2025
General Dynamics Corporation ( GD ) announced on Wednesday that its subsidiary General Dynamics Electric Boat has secured a $1.85 billion contract adjustment from the U.S. Department of Defense to bolster submarine production efforts. This contract modification, revealed in the Pentagon’s June 26 announcement, will fund long-lead materials and initial construction activities for Virginia-class submarines. The funding will support the...
KKR Named Morgan Stanley's Top Pick Amid Improving Macro Conditions, Normalizing Volatility
KKR Named Morgan Stanley's Top Pick Amid Improving Macro Conditions, Normalizing Volatility
Jul 3, 2025
07:11 AM EDT, 07/03/2025 (MT Newswires) -- KKR (KKR) has become Morgan Stanley's top pick instead of CME Group ( CME ) amid improving macroeconomic conditions and normalizing volatility, Morgan Stanley said in a note e-mailed Thursday. A capital markets rebound that's back on track is set to reaccelerate the private markets flywheel, supporting a robust earnings outlook for KKR,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved