New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 14, 2014
10:24 EDTVR, MRH, ENH, PTP, AHLAspen Insurance jumps after receiving buyout proposal
Shares of Aspen Insurance (AHL) are rising after a peer in the insurance and reinsurance industry, Endurance Specialty (ENH), offered to buy the company. WHAT'S NEW: Endurance Specialty announced that it had sent a takeover proposal to Aspen, offering to buy the company for $3.2B, or $47.50 per share. Endurance offered Aspen shareholders the right to receive, at their election, all cash, all Endurance common shares, or a combination of cash and Endurance common shares in exchange for their stake in Aspen. Endurance, which said the cash consideration to be offered will be funded from cash resources and $1.05B of newly issued common shares to investors, argues that the combined company would be a global leader in specialty insurance and reinsurance with increased scale, market presence, diversification and profit potential and over $5 billion of combined annual gross premiums written. PRICE ACTION: In early trading, Aspen climbed $6.01, or 15.27%, to $45.38 and Endurance Specialty fell 2.95% to $52.23 before shares of both companies were halted for trading around 10 am ET. Other reinsurers rose, with Montpelier Re (MRH) advancing 2.2% to $29.94, Platinum Underwriters (PTP) gaining 1% to $60, and Validus (VR) adding 0.8% to $37.59.
News For AHL;ENH;MRH;PTP;VR From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 25, 2014
10:00 EDTMRHOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
05:38 EDTMRHMontpelier Re upgraded to Equal Weight from Underweight at Barclays
Barclays upgraded Montpelier Re to Equal Weight saying book value growth should provide support for shares. The firm raised its price target for the stock to $37 from $29.
November 24, 2014
12:59 EDTPTPOn The Fly: Midday Wrap
Subscribe for More Information
09:23 EDTPTPOn The Fly: Pre-market Movers
Subscribe for More Information
06:50 EDTPTPRenaissanceRe Platinum to host conference call
Subscribe for More Information
06:07 EDTPTPRenaissanceRe to acquire Platinum Underwriters for $76 per share in cash, stock
Subscribe for More Information
06:05 EDTPTPRenaissanceRe agrees to acquire Platinum Underwriters for $76.00 per share
Subscribe for More Information
06:04 EDTPTPRenaissanceRe to acquire Platinum Underwriters for $76 per share
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use