Aspen founders to cash out for $225m
Bermudian (re)insurer Aspen has announced that two of its founding shareholders, The Blackstone Group and DLJ Merchant Banking Partners are to float their stakes in the company in an underwritten public offering.
Following the completion of the offering, worth approximately $225m at current prices, the two Blackstone Group and DLJ Merchant Banking Partners, a private equity investment affiliate of Credit
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