Endurance Specialty offers to buy Aspen Insurance for $3.2 bln

April 14 Mon Apr 14, 2014 9:03am EDT

April 14 (Reuters) - Insurer Endurance Specialty Holdings Ltd said it offered to acquire Aspen Insurance Holdings Ltd for about $3.2 billion in cash and stock.

Endurance's offer of $47.50 per share represents a premium of about 21 percent to Aspen's Friday closing. (Reporting By Neha Dimri in Bangalore; Editing by Saumyadeb Chakrabarty)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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