Aspen Insurance Holdings Ltd. investors should reject plans from hostile bidder Endurance Specialty Holdings Ltd. to expand their company’s board, proxy adviser Glass Lewis & Co. said in a report. “Endurance has failed to make a compelling case for Aspen …
Endurance Specialty Holdings Ltd. increased its offer to buy Aspen Insurance Holdings Ltd. by $2 a share as it seeks to overcome resistance to its earlier bid. Endurance said it would pay $49.50 per share for the Hamilton, Bermuda-based company, …
The 17th April of April saw a resumption of hostilities between Aspen Insurance Holdings and its would-be acquirer Endurance Specialty Holdings. The two Bermuda-based specialty insurers have fighting each other since April 14, when Endurance offered to buy Aspen for …
Bermuda-based Endurance Specialty Holdings Ltd. today offered to buy Aspen Insurance Holdings Limited, also based in Bermuda, for $3.2 billion, or $47.50 per Aspen share, in a hostile takeover. The combined company would have more than $5 billion of combined …
Bermuda-based reinsurer Validus Holdings took its $3.2 billion offer to buy Transatlantic Holdings, Inc. directly to shareholders on Monday, after rejecting its rival’s conditions for merger talks. It was the second time in two years that Validus launched a hostile …
