Deals
Aspen Says Investors Reject Endurance Plan to Shake Up Board
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Aspen Insurance Holdings Ltd. said the insurer’s investors didn’t support plans from hostile bidder Endurance Specialty Holdings Ltd. to shake up their company’s board.
“The overwhelming majority of Aspen shareholders participating in the consent solicitation have rejected both of Endurance’s proposals,” Bermuda-based Aspen said yesterday in a statement. The announcement was based on preliminary results at the close of business yesterday, Aspen said.