US Stock Market Move | Acquired by Sompo Holdings, Aspen Insurance Holdings (AHL.US) surged more than 13%.
On Wednesday, Aspen Insurance Holdings (AHL.US) surged over 13%, reaching a new all-time high of $36.63.
On Wednesday, Aspen Insurance Holdings (AHL.US) surged over 13% to a historic high of $36.63. On the news front, the company reached an agreement on August 27 to be fully acquired by Japanese insurance holding company Sompo Holdings for $37.50 per share in cash, a 35.6% premium over the unaffected stock price of $27.66 on August 19. The deal is expected to immediately enhance the company's return on equity (ROE) after completion and strengthen its market position by integrating with Sompo's global network.
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