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Bermuda Public Companies Update - May 2016

We are pleased to present the latest edition of our Bermuda Public Companies Update which features a summary of significant transactions involving Bermuda public companies listed on the NYSE and Nasdaq for the period of Q4 2015 through Q1 2016.

Despite the unsettled state of the capital markets that have characterized the last six months, there have been significant positive developments that have consolidated Bermuda’s position as a leading domicile for public companies on the principal US stock exchanges. In the insurance sector, Bermuda achieved Solvency II equivalence which has prompted global insurer XL Group plc to announce that it will move its corporate home from Ireland to Bermuda. Although there were no new Bermuda company IPOs in the US markets during the period, TAL International Group, Inc. (NYSE:TAL) (a Delaware corporation) announced a merger transaction that is expected to result in the listing of a new Bermuda holding company on the NYSE. Markit Ltd. (Nasdaq:MRKT) has also announced a US$13 billion merger of equals with IHS Inc. (NYSE:IHS) which will result in the combined group Bermuda holding company as the listed company. More details of these highlighted transactions can be found in our feature article on page three of this update.

This edition also includes statistical information about the size of the Bermuda public companies market and Conyers’ position as the leading advisor in this sector. As always, we hope that this update will be of interest to our legal colleagues, clients and Bermuda market followers.

 

To continue reading full articles in PDF format:
Bermuda Public Companies Update - May 2016

 


David W.P. Cooke
Director

BERMUDA   +1 441 299 4933


Graham B.R. Collis
Director, Head of Bermuda Corporate

BERMUDA   +1 441 299 4965


Marcello Ausenda
Director

BERMUDA   +1 441 299 4954


Niel L. Jones
Director

BERMUDA   +1 441 299 4903


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Newsletters

Bermuda Public Companies Update - May 2016

We are pleased to present the latest edition of our Bermuda Public Companies Update which features a summary of significant transactions involving Bermuda public companies listed on the NYSE and Nasdaq for the period of Q4 2015 through Q1 2016.

Despite the unsettled state of the capital markets that have characterized the last six months, there have been significant positive developments that have consolidated Bermuda’s position as a leading domicile for public companies on the principal US stock exchanges. In the insurance sector, Bermuda achieved Solvency II equivalence which has prompted global insurer XL Group plc to announce that it will move its corporate home from Ireland to Bermuda. Although there were no new Bermuda company IPOs in the US markets during the period, TAL International Group, Inc. (NYSE:TAL) (a Delaware corporation) announced a merger transaction that is expected to result in the listing of a new Bermuda holding company on the NYSE. Markit Ltd. (Nasdaq:MRKT) has also announced a US$13 billion merger of equals with IHS Inc. (NYSE:IHS) which will result in the combined group Bermuda holding company as the listed company. More details of these highlighted transactions can be found in our feature article on page three of this update.

This edition also includes statistical information about the size of the Bermuda public companies market and Conyers’ position as the leading advisor in this sector. As always, we hope that this update will be of interest to our legal colleagues, clients and Bermuda market followers.

 

To continue reading full articles in PDF format:
Bermuda Public Companies Update - May 2016

 


David W.P. Cooke
Director

BERMUDA   +1 441 299 4933


Graham B.R. Collis
Director, Head of Bermuda Corporate

BERMUDA   +1 441 299 4965


Marcello Ausenda
Director

BERMUDA   +1 441 299 4954


Niel L. Jones
Director

BERMUDA   +1 441 299 4903