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Stock Market & Financial Investment News

News Breaks
April 17, 2014
09:13 EDTAHLAspen Insurance adopts one-year shareholder rights plan
Aspen Insurance announced that its Board of Directors has adopted a shareholders rights plan and resolved to issue one preferred share purchase right on each share of the companyís ordinary shares issued and outstanding at the close of business on April 28. The Rights Plan expires on April 16, 2015, and the Board of Directors may terminate the Rights Plan at any time if it no longer believes that the Rights Plan is in the best interests of the company and its shareholders. In the absence of further action by the Board of Directors and subject to certain exceptions, if a person or group acquires beneficial ownership of 10% or more of Aspenís ordinary shares -- 15% in the case of a passive institutional investor -- the rights generally will become exercisable and allow holders -- other than the person or group members acquiring such beneficial ownership -- to acquire the company's ordinary shares at a discounted price. In addition, at any time after a person or group acquires 10% or more of Aspenís ordinary shares, the Board of Directors may determine to exchange one Aspen ordinary share for each outstanding right.The Rights Plan is designed to deter abusive tactics from being used in a proposed takeover, to ensure that shareholders receive fair and equal treatment in any proposed takeover of the company and to provide that any transaction would appropriately reward our shareholders and be beneficial to the company.
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October 29, 2014
16:52 EDTAHLAspen Insurance reports Q3 adjusted EPS $1.08, consensus $1.17
Reports diluted book value per share of $44.60 at September 30, up 9.0% from December 31, 2013. Aspen now expects to achieve an operating return on equity comfortably in excess of 10% in 2014, assuming normal loss experience. Aspen expects to achieve an operating return on equity of 11% in 2015, and to achieve an operating return on equity of between 11% and 12% in 2016.

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