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Monday, April 14, 2014

Endurance Specialty offers to purchase Aspen Insurance for $3.2 bln, (NYSE: AHL), (NYSE: ENH)

Insurer Endurance Specialty Holdings Ltd said it offered to acquire Aspen Insurance Holdings Ltd for about $3.2 billion in cash and stock. Endurance's offer of $47.50 per share represents a premium of about 21 percent to Aspen's Friday closing. (Reporting By Neha Dimri in Bangalore; Editing by Saumyadeb Chakrabarty)

Aspen Insurance Holdings Limited (Aspen Holdings) is a holding company. Shares of AHL remained unchanged at $39.37. In the past year, the shares have traded as low as $34.81 and as high as $41.43. On average, 419992 shares of AHL exchange hands on a given day and today's volume is recorded at 59457.

Endurance Specialty Holdings Ltd. (Endurance Holdings) is a holding company. Shares of ENH remained unchanged at $53.82. In the past year, the shares have traded as low as $47.09 and as high as $58.83. On average, 190976 shares of ENH exchange hands on a given day and today's volume is recorded at 0.



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