Hashtag: #Endurance&AspenProposal
Aspen On Withdrawal Of Endurance Offer
Aspen Insurance Holdings Limited responded to the announcement by Endurance Specialty Holdings Ltd. that it is withdrawing its unsolicited offer to acquire Aspen and abandoning its proposals related to calling a special meeting of Aspen shareholders and petitioning the Supreme Court of Bermuda for an involuntary scheme of arrangement. Chris O’Kane,... Read more of this article
Endurance Terminates Offer To Acquire Aspen
Following weeks of exchanges between the two Bermuda-based re/insurers, Endurance Specialty Holdings Ltd. today [July 30] confirmed that it has terminated its offer to acquire Aspen Insurance Holdings Limited. In connection with the termination of its acquisition offer, Endurance will not be pursuing its board size increase and scheme of arrangement... Read more of this article
Aspen Shareholders Reject Endurance Proposal
Aspen Insurance Holdings Limited said that, based on preliminary voting results as of the close of business on July 25, 2014 – the target date for receiving consents set by Endurance Specialty Holdings Ltd. the “overwhelming majority of Aspen shareholders participating in the consent solicitation have rejected both of Endurance’s proposals. The... Read more of this article
Aspen: Proxy Advisory Firms Recommendations
Aspen Insurance Holdings Limited noted that Glass, Lewis & Co., LLC, a leading independent proxy advisory firm, has recommended that Aspen shareholders reject both proposals made by Endurance Specialty Holdings Ltd. and revoke any authorizations submitted on such proposals by executing and returning Aspen’s BLUE revocation card. The two Bermuda-based... Read more of this article
Endurance Sends Letter To Aspen Shareholders
Endurance Specialty Holdings Ltd. has sent a letter to the shareholders of Aspen Insurance Holdings Limited along with a definitive solicitation statement, as the exchanges between the two Bermuda-based re/insurers continue. The letter being mailed to Aspen common shareholders reads as follows: Dear Fellow Aspen Shareholder: As you may know, Endurance... Read more of this article
Endurance Responds To Aspen Board Position
Endurance Specialty Holdings Ltd yesterday [June 17] said that Aspen Insurance Holdings Limited’s “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... Read more of this article
Aspen Board Rejects Endurance Offer Again
Aspen Insurance Holdings Limited said today that the company’s Board of Directors, after careful consideration and discussions with its financial and legal advisors, unanimously agreed to reject the unsolicited exchange offer from Endurance Specialty Holdings Ltd to acquire all of the outstanding shares of Aspen for a combination of common stock and... Read more of this article
Endurance Continue Attempts To Acquire Aspen
Endurance Specialty Holdings Ltd. today [June 9] commenced an Exchange Offer for all of the outstanding common shares of Aspen Insurance Holdings Limited. The two Bermuda-based re/insurers have been going back and forth since Aspen unanimously rejected Endurance’s initial proposal in April 2014. A statement from Endurance said, “Under the... Read more of this article
Aspen Rejects Revised Endurance Proposal
Aspen Insurance Holdings Limited unanimously rejected a revised unsolicited proposal from Endurance Specialty Holdings Ltd. to acquire Aspen for a combination of Endurance common stock and cash. Glyn Jones, Chairman of the Board of Directors, said: “Endurance’s revised proposal represents a backwards step in their efforts to pursue what has always... Read more of this article
Endurance On Aspen’s “Vehement Refusal”
Endurance Specialty Holdings Ltd. today [Apr 21] said that the “vehement refusal” of Aspen Insurance Holdings Ltd. to consider its $3.2 billion proposal “continues to deny its shareholders the ability to receive a highly attractive premium and an ongoing stake in a global industry leader.” The two Bermuda-based re/insurers have... Read more of this article
Endurance Comment On Aspen’s “Poison Pill”
A few days after rejecting a $3.2 billion takeover proposal from a fellow Bermuda-based re/insurer, Aspen Insurance Holdings Ltd said they adopted a shareholders rights plan which is “designed to deter abusive tactics from being used in a proposed takeover.” They resolved to issue one preferred share purchase right on each share of the... Read more of this article
Endurance Ltd. Comment On Aspen’s Rejection
Bermuda-based Endurance Specialty Holdings Ltd commented on Aspen Insurance Holdings Limited’s summary rejection of its proposal to acquire all of the common shares of Aspen for $3.2 billion. In rejecting the unsolicited proposal, Glyn Jones, Chairman of Aspen’s Board of Directors, said: “After careful review and deliberation, the Board... Read more of this article
