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InsideArbitrage Potential Deal Alert: Third Point’s Loeb looking to take insurance firm SiriusPoint (SPNT) private

  • April 12, 2023

POTENTIAL DEAL DETAILS

StockSiriusPoint Ltd.SymbolSPNT
Date Announced04/12/2023Source Press Release
TypeUnsolicited BidAcquiring Company/Person Third Point LLC

SiriusPoint Ltd (SPNT) has acknowledged an indication of interest from Third Point LLC and certain of its affiliates, disclosed in a Schedule 13D/A filing, to explore a potential acquisition of all, or substantially all, of the outstanding Common Shares of the company.

Update(s):

May 12, 2023: According to 13D/A filling, Dan Loeb disclosed he is no longer exploring an acquisition of SiriusPoint Ltd (SPNT).

August 9, 2023: SiriusPoint (SPNT) entered into a standstill agreement with Mr. Daniel S. Loeb. The entry by the parties into the Agreement follows the conclusion of exploratory discussions related to a potential acquisition of the company by Mr Loeb.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.