New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 6, 2013
17:46 EDTVRValidus declares special dividend, raises quarterly dividend to 30c per share
Validus announced that its board has authorized a special dividend in the amount of $2.00 per common share and common share equivalent for which each outstanding warrant is exercisable. The special dividend is payable in cash on February 26, to shareholders and warrant holders of record as of February 19. The board also authorized an increase in the Validus regular quarterly dividend to 30c from 25c per common share and common share equivalent for which each outstanding warrant is exercisable. The board also approved the payment of the regular quarterly dividend which is payable on March 29 to shareholders and warrant holders of record as of March 15.
News For VR From The Last 14 Days
Check below for free stories on VR the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
April 14, 2014
16:11 EDTVRBarclays upgrades Aspen Insurance, sees start of reinsurance consolidation cycle
Subscribe for More Information
10:24 EDTVRAspen 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.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use