The Delisting Dilemma: Navigating The Paradox Of Preferred Securities

Tero Vesalainen Co-authored with Hidden Opportunities Background on Why We are Discussing this topic Enstar Group Limited (ESGR), a leader in runoff insurance, announced last month that global investment firm Sixth Street has offered to acquire them for a total equity value of $5.1 billion, or $338.00 in cash per share. The transaction is expected to close in mid-2025 subject to approval by Enstar's shareholders, regulatory approvals, and other customary closing conditions. According to the terms of the mer ...