The shareholders of Bermuda-based insurance and reinsurance company XL Group have approved the 100% acquisition by French insurance giant AXA.
The planned full acquisition of XL Group would amount to roughly US$15.3 billion, to be fully paid in cash, where XL Group shareholders will get US$57.60 per share under the terms of the agreement. The transaction is expected to close during the second half of 2018, subject to customary closing conditions.
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