Seeking Alpha

Maiden Holdings, Enstar extend deal deadline

|About: Enstar Group Limited (ESGR)|By:, SA News Editor

Maiden Holdings (NASDAQ:MHLD) and Enstar Group (NASDAQ:ESGRagree to extend the time to complete their previously announced loss portfolio transfer and adverse development reinsurance contract until July 31, 2019.

Maiden Holdings jumps 7.1% to $0.6851 in early afternoon trading.

The proposed agreement has been submitted to the applicable regulators for approval, which remains pending.

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