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3 years ago
Insurer Endurance raises takeover offer for Aspen
June 2, 2014 / 11:37 AM / 3 years ago

Insurer Endurance raises takeover offer for Aspen

1 Min Read

June 2 (Reuters) - Insurer Endurance Specialty Holdings increased its offer for Aspen Insurance Holdings by $2.00 to $49.50 per share after its initial bid was rejected.

The increased offer, which gives Aspen shareholders the option of taking cash or shares or a combination of both, values Aspen at $3.2 billion, Endurance said in a statement on Monday. (Reporting by Amrutha Gayathri in Bangalore; Editing by Saumyadeb Chakrabarty)

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