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topicnews · September 13, 2024

NOTICE TO SHAREHOLDERS: Brodsky & Smith announces an investigation into Enstar Group Limited (ESGR)

NOTICE TO SHAREHOLDERS: Brodsky & Smith announces an investigation into Enstar Group Limited (ESGR)

Bala Cynwyd, Pennsylvania–(Newsfile Corp. – September 12, 2024) – The law firm of Brodsky & Smith announces that it is investigating potential claims against the board of directors of Enstar Group Limited (“Enstar” or the “Company”) (NASDAQ: ESGR) for possible breaches of fiduciary duties and other violations of federal and state laws in connection with the sale of the Company to Sixth Street. Under the terms of the agreement, Enstar shareholders will receive an aggregate of $338.00 in cash per share of Enstar common stock, payable upon closing of the transaction, representing a total equity value of $5.1 billion.

The investigation is examining whether Enstar’s board of directors breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Sixth Street paid the company’s shareholders a fair price.