Montpelier Re Completes 25.9 Million Share Sale

Bermuda-based Montpelier Re Holdings Ltd. announced that it has sold 25,850,926 shares of its common stock, as previously announced (See IJ Website Sept.16)

The shares were resold at $24.00 by Lehman Brothers Inc. who acted as sole underwriter on the transaction.

“All shares were offered by the Company and were sold under the Company’s Form S-3 shelf registration statement, which was declared effective on February 23rd, 2004,” the bulletin noted.