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This Insurance Company Agreed to Be Taken Private. Investors Don't Like the Deal

Jul 29, 2024, 1:06 PM EDT1 sourcesAI-analyzed

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Enstar agreed to a $5.1 billion acquisition led by Sixth Street. Steven Mnuchin's Liberty Strategic Capital is part of the acquiring group. Acquisition price of $338 per share is below Friday's close at $348.31. Enstar reported a net income of $126 million for the second quarter.

Enstar agreed to a $5.1 billion acquisition led by Sixth Street.
Steven Mnuchin's Liberty Strategic Capital is part of the acquiring group.
Acquisition price of $338 per share is below Friday's close at $348.31.
Enstar reported a net income of $126 million for the second quarter.

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