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Stock Market & Financial Investment News

News Breaks
June 17, 2014
12:56 EDTENH, AHLEndurance responds to Aspen 'combative position' on exchange offer
Endurance Specialty Holdings (ENH) said that Aspen Insurance Holdings' (AHL) "combative response" to the commencement of an exchange offer by Endurance "confirms the importance of the actions it is taking to give Aspen shareholders a voice in order to make their views known, to urge Aspen to come to the negotiating table, and to hold the Aspen board accountable for its actions." Endurance believes that the assertions Aspen made today in its filings with the SEC are "misguided, reflect misstatements in order to further the Aspen board and management's entrenching agenda and are misleading to shareholders." Endurance Chairman and CEO John Charman urged Aspen shareholders to speak forcefully by supporting its two shareholder proposals - calling for a special general meeting to increase the size of the Aspen board and endorsing the pursuit of a court-sanctioned scheme of arrangement.
News For ENH;AHL From The Last 14 Days
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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 EDTENH, AHLAspen 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 EDTAHL, ENHEndurance Specialty says 'disappointed' with ISS report
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July 11, 2014
18:05 EDTAHL, ENHProxy firm ISS, Egan-Jones reject both Endurance Specialty proposals
Aspen Insurance Holdings (AHL) noted that leading proxy advisory firms Institutional Shareholder Services and Egan-Jones Proxy Services recommend that Aspen shareholders REJECT both proposals made by Endurance Specialty (ENH) and REVOKE any authorizations submitted on such proposals by executing and returning Aspen’s BLUE revocation card. Chris O’Kane, Aspen’s CEO, said, “We are pleased that ISS and Egan-Jones agree with our position and are recommending that Aspen shareholders reject both of Endurance’s proposals. Rather than offering real value, Endurance is pursuing coercive legal tactics in an effort to buy Aspen at the lowest possible price. We urge shareholders to reject both of Endurance’s proposals.” In its recommendation, ISS noted that the proposals would cause unnecessary costs for Aspen shareholders, and Endurance shareholders, without providing equivalent benefit to Aspen shareholders. Aspen’s Board of Directors urges shareholders to REJECT both of Endurance’s proposals by promptly signing, dating and returning Aspen’s BLUE revocation card and disregarding Endurance’s white authorization card.
July 10, 2014
18:24 EDTENH, AHLAspen Insurance urges holders to reject both Endurance Specialty proposals
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16:45 EDTAHLAspen Insurance sees Q2 diluted operating EPS $1.30-$1.35, consensus $1.22
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08:40 EDTENH, AHLEndurance Specialty urges Aspen Insurance holders to vote WHITE proxy card
Endurance Specialty (ENH) is urging fellow shareholders of Aspen Insurance (AHL) to "tell Aspen's board and management it's time to put entrenched interests aside and focus on the clear benefits of Endurance's offer." In a letter being sent to Aspen shareholders, Endurance requests that Aspen shareholders vote FOR its proposals to requisition a special general meeting of shareholders in connection with Endurance's proposal to increase the size of Aspen's board of directors from 12 to 19 directors and to authorize support for the proposal of a Scheme of Arrangement by Endurance. By voting FOR Endurance's two proposals on the WHITE card, Aspen shareholders would be taking concrete action towards realizing the significant upfront premium and opportunity for long-term value of Endurance's offer.

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