Enstar Group to be acquired by Sixth Street for $338 per share in all-cash deal

Enstar Group LTD

Ordinary shareholders receive $338/share in cash; reinvesting shareholders can roll equity.
$500 million of the purchase price sourced from Enstar's balance sheet.
35-day go-shop period allows Enstar to solicit superior proposals; $145M termination fee.
Preferred shares (Series C, D, E) convert into equivalent preferred shares of the surviving company.
Closing requires shareholder approval, regulatory clearances (Bermuda, HSR, antitrust), and no material adverse effect.

item 1.01 item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Orla M. Gregory

President

Enstar Group LTD

Effective: 2024-12-31
Filed: July 29, 2024, 7:59 PM ET

Orla M. Gregory, President and a member of the Company Board, will leave the Company on December 31, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Orla M. Gregory departed as President at Enstar Group LTD.

Action: will leave
Role: President

Exact text from the filing

Orla M. Gregory, President and a member of the Company Board, will leave the Company on December 31, 2024.

View on SEC.gov

Source: SEC EDGAR

accession 0001104659-24-083286

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