Validus ups IPC offer
Validus has increased its offer for IPC Holdings. Under the increased offer, IPC shareholders will now receive $3.00 in cash and 1.1234 Validus voting common shares for each IPC common share.
The increased offer provides IPC shareholders with total consideration of $30.14 per IPC share based on Validus' closing price on Friday, 15 May 2009, a 13.2% premium to IPC's closing price that day
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