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Stock Market & Financial Investment News

News Breaks
February 12, 2014
04:55 EDTALL, ALL, Y, Y, PRE, PRE, MET, MET, XL, XL, AFG, AFG, VR, VR, LNC, LNC, AHL, AHL, AGII, AGII, HIG, HIG, WRB, WRBBofA/Merrill to hold a conference
2014 Insurance Conference is being held in New York on February 12-13.
News For ALL;HIG;AGII;AHL;LNC;VR;AFG;XL;MET;PRE;Y;WRB From The Last 14 Days
Check below for free stories on ALL;HIG;AGII;AHL;LNC;VR;AFG;XL;MET;PRE;Y;WRB the last two weeks.
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April 16, 2014
05:33 EDTLNCLincoln National upgraded to Overweight from Equalweight at Barclays
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April 15, 2014
08:08 EDTAGIIArgo Group names Kurt Elia as SVP, Chief Human Resources Officer
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April 14, 2014
16:11 EDTVR, AHLBarclays upgrades Aspen Insurance, sees start of reinsurance consolidation cycle
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15:48 EDTAHLAspen Insurance upgraded to Equalweight from Underweight at Barclays
15:06 EDTALLAllstate sells Sterling Collision Centers, sees small after-tax gain
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14:20 EDTAHLEndurance Chairman says willing to invest $25M of own funds in Aspen transaction
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14:18 EDTAHLEndurance Specialty expects Aspen holders to recognize value of proposed deal
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12:26 EDTAHLOn The Fly: Midday Wrap
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12:00 EDTAHLAspen Insurance rises 11.3%
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10:41 EDTAHLAspen rejects offer from Endurance, sees no purpose in meeting
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10:24 EDTVR, 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.
10:07 EDTAHLAspen Insurance trading halted, pending news
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10:02 EDTAGIIOn The Fly: Analyst Initiation Summary
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10:00 EDTAHLAspen Insurance rises 15.1%
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09:00 EDTAHLAspen Insurance rises 21.4%
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08:38 EDTAHLEndurance Specialty offers to buy Aspen Insurance for $3.2B, or $47.50 per share
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08:34 EDTAHLEndurance Specialty proposes to acquire Aspen Insurance for $47.50 per share
05:46 EDTLNCLincoln National upgraded to Strong Buy from Outperform at Raymond James
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05:39 EDTAGIIArgo Group initiated with a Market Perform at Keefe Bruyette
Target $51.
April 9, 2014
07:41 EDTALLBofA unit, Allstate dismiss toxic mortgage debt suit, Reuters says
Allstate (ALL) and Bank of America's (BAC) Countrywide unit have agreed to end a lawsuit stemming from $700M of toxic mortgage debt, according to Reuters, citing a court filing. Reference Link
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