Endurance Starts Offer for Aspen in $3.2 Billion Hostile Bid

Endurance Specialty Holdings Ltd. began an exchange offer for shares of Aspen Insurance Holdings Ltd. as part of a $3.2 billion effort to acquire the insurer.

The offer begins today and expires at 5 p.m. New York time on Aug. 29, Bermuda-based Endurance said today in a statement.

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