Fairfax Financial Holdings Ltd (FFH.TO,FFH) said it completed public offering of 2.88 million subordinate voting shares at a price of US$347.00 per share, for gross proceeds of US$1.0 billion.
The company has raised net proceeds, after commissions and expenses, of US$983.0 million in the public offering.
Fairfax plans to use the net proceeds of the offering to fund the proposed acquisition of all of the outstanding shares of common stock of Odyssey Re Holdings Corp. that it does not currently own.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.