Brief: White Mountains To Sell NSM To Carlyle

White Mountains Insurance

09/05/2022 14:20

May 9 (Reuters) - Carlyle Group Inc  CG.O :
    * PRESS RELEASE - WHITE MOUNTAINS TO SELL NSM TO CARLYLE
    * CARLYLE GROUP INC - TRANSACTION VALUES NSM AT $1.775
BILLION.
    * CARLYLE GROUP INC - WHITE MOUNTAINS EXPECTS TRANSACTION
WILL
RESULT IN A GAIN OF APPROXIMATELY $280 TO ITS ADJUSTED BOOK
VALUE PER SHARE
    * CARLYLE GROUP INC - CLOSING IS NOT SUBJECT TO A FINANCING
CONDITION.
    * CARLYLE GROUP - WHITE MOUNTAINS EXPECTS THE TRANSACTION
WILL
INCREASE UNDEPLOYED CAPITAL FROM APPROXIMATELY $0.4 BILLION TO
APPROXIMATELY $1.7 BILLION

Source text for Eikon:  ID:nPnWnFTta 
Further company coverage:  CG.O 

 ((Reuters.Briefs@thomsonreuters.com;))