Aspen in $156m share buyback, as founders lighten holdings
Bermudian (re)insurer Aspen has announced it will by back $156m-worth of its ordinary shares from two of its founding shareholders, the Blackstone Group and CSFB Private Equity.
The shares are to be repurchased at a price per share of $26.50, representing a 1.7% discount to the closing price on November 30, 2006.
Following the share repurchase, Blackstone Group will still
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