Aspen says Endurance's offer 'undervalues' company
Bermuda-based insurer Aspen's board of directors has rejected an unsolicited takeover proposal from Endurance Specialty Holdings.
Endurance proposed to acquire Aspen for $47.50 per share, 60% in Endurance common stock and 40% in cash.
Aspen made its decision after having assistance from its financial and legal advisors, and
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