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Stock Market & Financial Investment News

News Breaks
June 9, 2014
07:13 EDTAHL, ENHEndurance 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 30, 2015
19:35 EDTENHOn The Fly: After Hours Movers
UP AFTER EARNINGS: YRC Worldwide (YRCW), up 17.7%... SkyWest (SKYW), up 11.5%... Zeltiq Aesthetics (ZLTQ), up 9%... Columbia Sportswear (COLM), up 11%... Expedia (EXPE), up 7.9%... Ellie Mae (ELLI), up 7%... Comfort Systems (FIX), up 6.2%... DigitalGlobe (DGI), up 5%... Fiesta Restaurant Group (FRGI), up 8%... Amgen (AMGN), up 1.9%. ALSO HIGHER: Juno Therapeutics (JUNO), up 1.7% after getting FDA clearance for IND application for JCAR015... Priceline (PCLN), up 1.5% following Expedia's quarterly results... Coca-Cola Enterprises (CCE), up 9.6% after the Wall Street Journal reported that the company is in advanced talks with Coca-Cola bottlers... Endurance Specialty (ENH), up 2.6% after being added to the S&P MidCap 400. DOWN AFTER EARNINGS: Oculus (OCLS), down 17%... Computer Programs (CPSI), down 11.9%... Outerwall (OUTR), down 9.2%... FireEye (FEYE), down 5.2% after reporting quarterly results and that CFO Michael Sheridan intends to leave the company... Hanesbrands (HBI), down 8.5%... Solazyme (SZYM), down 8.8%... Boston Beer (SAM), down 5.2%... Ocwen Financial (OCN), down 10.7%... LinkedIn (LNKD), down 4.5%... Electronic Arts (EA), down 3.2%.
17:53 EDTENHS&P announces changes to the S&P 400, 600 indices
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17:18 EDTENHEndurance Specialty to replace TimkenSteel in S&P 400 as of 7/31 close
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13:49 EDTENHEndurance Specialty receives regulatory approvals for Montpelier Re acquisition
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July 27, 2015
16:30 EDTAHLAspen Insurance reports Q2 EPS 99c, consensus $1.38
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July 20, 2015
10:00 EDTAHLOn The Fly: Analyst Upgrade Summary
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06:19 EDTAHLAspen Insurance upgraded to Neutral from Underperform at Macquarie
Macquarie upgraded Aspen Insurance to Neutral and increased its price target to $49 from $40 citing fair valuation and industry consolidation.

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