Enstar and AIG stocks rise after respective deals
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Enstar and AIG stocks rise after respective deals

Bernard Goyder
July 15, 2021
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AIG Enstar logos stock market graph.jpg

Enstar shares rose by nearly 6% to $13.45 this morning, after the company agreed to buy out minority shareholder Hillhouse in an $879mn stock buyback deal, while AIG’s stock rose by more than 5% following the news of a strategic alliance with fund management giant Blackstone.

Hillhouse is Enstar’s second largest investor after Canada Pension Plan Investment Board. Buying back the company’s 16.9% stake in the legacy carrier reduces the number of shares in circulation, boosting earnings per share.

Meanwhile

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Bernard Goyder
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