January 21, 2021
Business News

Arch Capital Group Ltd. and Watford Holdings Ltd. Enter into Revised Merger Agreement with an All-Cash Offer of $35.00 per Share, Representing a 12.5% Increase Over Prior Agreement

PEMBROKE, Bermuda–()–Arch Capital Group Ltd. (NASDAQ: ACGL) (“Arch” or “the Company”) and Watford Holdings Ltd. (NASDAQ: WTRE) (“Watford”) today announced a revised definitive agreement under which Arch will acquire all of the common shares of Watford for an increased price of $35.00 per share. This revised all-cash consideration is valued at approximately $700 million and represents a premium of approximately 96% to Watford’s unaffected closing common share price on September 8, 2020, the last trading day prior to media reports about the possibility of a transaction between Watford and Arch. The transaction is expected to close in the first quarter of 2021 and remains subject to customary closing…

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