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Stock Market & Financial Investment News

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July 14, 2014
09:45 EDTENH, AHLEndurance Specialty says 'disappointed' with ISS report
Endurance Specialty (ENH) commented on the recommendations by proxy advisory service Institutional Shareholder Services regarding its two shareholder proposals in connection with Endurance's offer to acquire Aspen Insurance (AHL). John Charman, CEO of Endurance, stated: "While we are disappointed by the ISS recommendations and strongly disagree with the positions taken, Aspen shareholders should note that the ISS report explicitly takes no position whatsoever on the merits of our offer and surprisingly ignores the substantial and fundamental issues of poor corporate governance continuously demonstrated by Aspen's board and management, relying instead on questionable technical assessments of vote timing and mechanics. ISS fails to recognize that Endurance was forced to take the two proposals directly to Aspen shareholders because of the failure of Aspen's board and management to enter into discussions with Endurance."
News For ENH;AHL From The Last 14 Days
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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 EDTAHL, ENHGlass 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 EDTENH, AHLProxy 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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