WeissLaw LLP: Aspen Insurance Holdings Limited Acquisition May Not Be In The Best Interests of AHL Shareholders
ASPEN INSURANCE HOLDINGS (AHL)
Last aspen insurance holdings earnings: 2/6 04:15 pm
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Source: PR Newswire
NEW YORK, Aug. 30, 2018 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Aspen Insurance Holdings Limited ("AHL" or the "Company") (NYSE: AHL) in connection with the proposed acquisition of the Company by private equity firm Apollo Global Management, LLC ("Apollo"). Under the terms of the acquisition agreement, shareholders will receive $42.75 in cash for each AHL share they own. WeissLaw is investigating whether AHL's Board acted to maximize shareholder value prior to entering into the agreement. Notably, the per-share purchase price is $3.25 less than the analyst target price of $46.00, and offers AHL shareholders a meager 6.2% premium over the Company's August 27 closing price. Further, according to Bloomberg, the acquisition of the Company will provide Apollo with access to AHL's insurance assets, which Apollo hopes will expand its own insurance portfolio and generate high returns. Given
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