Fairfax Financial (FFH) To Offer $1B In Stock
Fairfax Financial Holdings Limited (NYSE: FFH) announces that it intends to offer 2,881,844 subordinate voting shares at a price of $347.00 per share, which would result in aggregate gross proceeds of $1 billion.
Fairfax intends to use the net proceeds of the offering to fund the previously announced proposed acquisition of all of the outstanding shares of common stock of Odyssey Re Holdings Corp. (NYSE: ORH) that it does not currently own.
Fairfax intends to use the net proceeds of the offering to fund the previously announced proposed acquisition of all of the outstanding shares of common stock of Odyssey Re Holdings Corp. (NYSE: ORH) that it does not currently own.
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