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Stock Market & Financial Investment News

News Breaks
July 16, 2014
08:33 EDTENH, AHLGlass 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.”
News For AHL;ENH From The Last 14 Days
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June 26, 2015
15:09 EDTENHMontpelier Re to host special shareholder meeting
Special Shareholder Meeting to vote upon a proposal to approve the previously announced merger with Endurance Specialty Holdings (ENH) will be held in Pembroke, Bermuda on June 30 at 9:30 am.
15:07 EDTENHEndurance Specialty to host special shareholder meeting
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June 19, 2015
09:26 EDTENHMontpelier Re declares specal dividend in connection with proposed acquisition
Montpelier Re Holdings Ltd. (MRH) announced that its Board of Directors has declared, subject to certain conditions, the previously announced special dividend of $9.89 per common share in connection with its pending acquisition by Endurance Specialty Holdings Ltd. (ENH) The special dividend would be payable prior to the effective time of the Merger on the closing date of the Merger to Montpelier shareholders of record at the close of business on the last business day prior to the Closing Date. The special dividend is contingent upon the satisfaction of various Merger closing conditions, including the approval of the Merger by the requisite vote of Montpelier common shareholders and the approval of the Endurance share issuance associated with the Merger by the requisite vote of Endurance ordinary shareholders. Montpelier and Endurance have each scheduled special general meetings of their respective shareholders for June 30 to consider and vote upon matters related to the Merger. There can be no assurance that the Closing Date will occur or that the special dividend will be paid.

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