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Stock Market & Financial Investment News

News Breaks
June 9, 2014
07:13 EDTENH, AHLEndurance Specialty commences offer to acquire all Aspen common shares
Endurance Specialty (ENH) commenced an exchange offer for all of the outstanding common shares of Aspen Insurance (AHL). Under the terms of the exchange offer, each holder of Aspen common shares will have the right to receive for their Aspen common shares, at their election, all cash, or $49.50 for each Aspen share, all Endurance common shares, or a combination of cash and Endurance common shares, 0.5518 Endurance common shares and $19.80 in cash for each Aspen share. The election will be subject to a customary proration mechanism to achieve an aggregate consideration mix of 40% cash and 60% Endurance common shares. The terms and conditions of the Exchange Offer are set forth in the offering documents that Endurance is filing with the Securities and Exchange Commission. The Exchange Offer will expire on August 29. Endurance commenced the exchange offer in connection with Endurance's increased proposal to acquire Aspen announced on June 2, which increased the consideration from $47.50 to $49.50 per Aspen common share.
News For ENH;AHL From The Last 14 Days
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July 25, 2014
18:56 EDTENH, AHLAspen Insurance holders overwhelmingly reject Endurance authorization proposals
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July 23, 2014
16:50 EDTAHLAspen Insurance sees 11% operating return on equity in FY15
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16:50 EDTAHLAspen still expects to achieve or exceed 10% operating return on equity in FY14
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16:46 EDTAHLAspen Insurance reports Q2 EPS $1.40, consensus $1.34
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July 21, 2014
07:01 EDTAHL, ENHAspen issues letter urging investors to reject Endurance proposals
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July 17, 2014
10:00 EDTENHOn The Fly: Analyst Upgrade Summary
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07:36 EDTENH, AHLEndurance Specialty upgraded to Buy from Neutral at Janney Capital
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06:28 EDTENHEndurance Specialty upgraded to Buy from Neutral at Janney Capital
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July 16, 2014
08:33 EDTENH, AHLGlass Lewis recommends Aspen Insurance shareholders reject Endurance proposals
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July 14, 2014
09:45 EDTENH, AHLEndurance Specialty says 'disappointed' with ISS report
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