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 shareholders to support the proposed authorizations” to shake up the board, Glass Lewis wrote. It cited the “cost and distraction” of holding a special meeting. Glass Lewis said it isn’t commenting on the merits of the takeover.
ISS Proxy Advisory Services made similar voting recommendations to Aspen shareholders on July 11.
Copyright 2025 Bloomberg.
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