Reports that a $50 per share offer is looming
Aspen Insurance’s share price jumped 5.8% yesterday on renewed takeover talk.
Reports circulated that the insurer had received a $50 per share offer for the company, sending its shares up to a peak of $44, before edging back to $43.25 at the close of trading in New York last night, valuing the company at $2.53bn.
Back in March, it was reported that Aspen was being advised by Goldman Sachs and JP Morgan on a possible takeover of the company. it has declined to comment on the reports.
The company have been through a difficult period recently, with Stephen Postlewhite leaving his role as chief executive in January amid results which ‘deeply disappointed’.