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News  ›  Benzinga

Onex Announces Transformational Investment and New Strategic Relationship to Drive Enterprise Growth and Shareholder Value

Benzinga Logo Benzinga By Globe Newswire
Onex Announces Transformational Investment and New Strategic Relationship to Drive Enterprise Growth and Shareholder Value

Onex and AIG are jointly acquiring Convex, a specialty property and casualty (re)insurer, for $7 billion. AIG will also acquire a 9.9% equity stake in Onex and commit $2 billion to Onex' private equity and credit strategies.

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AIG   positive

Gaining strategic investment in Convex, acquiring equity stake in Onex, and expanding investment opportunities