Fortress purchase of Alea goes unconditional
Bermudian (re)insurer in run-off Alea has announced that its acquisition from private equity and hedge fund manager, Fortress Investment has been declared unconditional.
Fortress’s FIN Acquisition has received valid acceptances for approximately 61 per cent of the Alea Shares in issue.
Alea’s board first accepted Fortress’s offer of 93p a share back in April, an bid
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