ACE joins rush to recapitalise with $1.25-$1.44bn share issue
ACE Limited has announced that it intends to commence make a public offering of $1.25 billion of its ordinary shares, plus up to an additional $187.5m of ordinary shares which are subject to a 30-day option granted to the underwriters of the deal.
ACE says it expects to use the net proceeds of the offering to exploit growth opportunities in the global insurance and reinsurance markets.Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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