James River Group Holdings Ltd. (JRVR) has disclosed a new risk, in the Share Price & Shareholder Rights category.
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James River Group Holdings Ltd. is embroiled in disputes with Fleming regarding the Stock Purchase Agreement for the sale of JRG Re, which concluded on April 16, 2024. The contention centers around the post-closing adjustments to the purchase price, where James River has already agreed to an $11.4 million downward adjustment but disputes an additional $54.1 million claimed by Fleming. This disagreement has escalated to litigation, and the resolution could materially impact James River’s financial position if the outcome is unfavorable, potentially necessitating a significant repayment to Fleming.
The average JRVR stock price target is $8.63, implying 87.61% upside potential.
To learn more about James River Group Holdings Ltd.’s risk factors, click here.
