Deals
Endurance Announces $3.2 Billion Hostile Offer for Aspen
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Endurance Specialty Holdings Ltd., the Bermuda-based provider of property and casualty insurance, announced a $3.2 billion offer to buy Aspen Insurance Holdings Ltd. after the target company turned down its proposal.
Endurance offered to pay $47.50 per share, 21 percent more than the April 11 closing price of $39.37, the company said today in a statement.