Aspen Insurance rose 14% after being acquired by Japan's Sompo for $3.5 billion
Japan's Sompo announced on Wednesday plans to acquire the U.S.-listed Aspen Insurance (AHL.US) for approximately $3.5 billion to expand its investment in overseas assets. Aspen's stock price recently rose nearly 14%.
According to the agreement, the acquisition price is set at $37.5 per share of Aspen. The majority stake in Aspen is held by Apollo Global Management. Sompo plans to integrate Aspen's business with its overseas insurance operations to strengthen its position in key markets such as the Americas and the UK
Source: AASTOCKS The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments