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Stock Market & Financial Investment News

News Breaks
July 16, 2014
08:33 EDTAHL, ENHGlass Lewis recommends Aspen Insurance shareholders reject Endurance proposals
Aspen Insurance Holdings Limited (AHL) noted that Glass, Lewis & Co has recommended that Aspen shareholders REJECT both proposals made by Endurance Specialty Holdings Ltd. (ENH) and REVOKE any authorizations submitted on such proposals by executing and returning Aspen’s BLUE revocation card. Glass Lewis said "In our view, given that the Aspen board appears to have acted in good faith with Endurance, the Aspen board considered Endurance's proposals on multiple occasions and formed a reasonable basis to reject such proposals and the Company continues to report solid performance on a stand-alone basis, shareholder authorization of an attempt to override the board's conclusions by seeking a court-ordered special meeting is not warranted.” The report concluded that: “…we believe Endurance has failed to make a compelling case for Aspen shareholders to support the proposed authorizations.”
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August 14, 2014
17:00 EDTAHLGreenlight Capital gives quarterly update on stakes
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