Investment firm Sixth Street entered a deal on July 29, 2024, to acquire Enstar Group Limited (ESGR) for about $5.1 billion.
According to the terms of the agreement, Sixth Street, which owns about 4% of the insurer, will pay Enstar shareholders $338.00 in cash per ordinary share of Enstar, which is at a discount of 2.96% from the stock’s last close.