- Endurance (NYSE:ENH) is offering $49.50 in cash for each Aspen Insurance (NYSE:AHL) share, or $19.80 in cash and 0.5518 of a share of Endurance. Aspen closed last night at $45.42.
- Endurance today also releases an updated presentation detailing the rationale and "compelling value" of its offer.
- SEC filing
- In other news, BAML's Jay Cohen upgrades Endurance to a Buy, based mostly on an attractive valuation.
- Previously: Endurance responds to Aspen's "combative position"
Endurance Specialty commences tender for Aspen stock
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Symbol | Last Price | % Chg |
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ENH | - | - |
Endurance Specialty Holdings Ltd. |