Endurance abandons pursuit of Aspen Insurance


Bermuda governance laws combined with Aspen's intense defense, and the "unwillingness of Aspen (NYSE:AHL) shareholders to take a stand," make it "impractical" to pursue the offer, says Endurance Specialty (NYSE:ENH) CEO John Charman.

The value of the offer as of the close of trade last Friday was $49.60 per share vs. Aspen's close last night of $41.17.

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