Validus Holdings (VR) Clears Final Regulatory Hurdle in Flagstone Re (FSR) Acquisition

November 28, 2012 2:20 PM EST
Validus Holdings Ltd. (NYSE: VR) announced that all regulatory approvals required for Validus Holdings, Ltd. to complete the acquisition of Flagstone (NYSE: FSR) have been received.

As previously disclosed, the shareholders of Flagstone have approved all matters required to be approved by Flagstoneā€™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, 2012, subject to the satisfaction of customary conditions to closing.

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