Apollo completes take-private Aspen Insurance buyout [Reuters]
ASPEN INSURANCE HOLDINGS (AHL)
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Source: Reuters
Apollo completes take-private Aspen Insurance buyout Apollo Global Management Aspen Insurance New York Stock Exchange Bermuda Stock Exchange Goldman Sachs J.P. Morgan Securities LLC PRESS RELEASE NEW YORK & HAMILTON, Bermuda–(BINESS WIRE)–Affiliates of certain investment funds (the “Apollo Funds”) managed affiliates of Apollo Global Management, LLC (together with its consolidated subsidiaries, “Apollo”) (NYSE: APO), a leading global alternative investment manager, and Aspen Insurance Holdings Limited (“Aspen”) (NYSE: AHL), announced today that the Apollo Funds have completed the previously announced acquisition of Aspen. The transaction, which was first announced on August 28, 2018, closed following receipt of regulatory approvals and the approval of Aspen’s shareholders. Under the terms of the previously announced agreement and plan of merger, the Apollo Funds have acquired all of the outstanding ordinary shares of Aspen for $42.75 per share in cash, representing an equity value of
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