Aspen Insurance Holdings Limited is mailing revocation materials – including a letter and a blue revocation card – to shareholders, in opposition to Endurance Specialty Holdings Ltd.'s solicitation. Aspen's board of directors urged shareholders to reject both of Endurance's proposals by promptly signing, dating, and returning Aspen's blue revocation card and disregarding Endurance's white authorization card.
In response, Endurance is sending a letter to Aspen shareholders urging them to vote in favor of its takeover proposal.
The Aspen letter followed the June 18, 2014 mailing of a definitive solicitation statement, including a white authorization and consent card, that empowered Aspen shareholders to requisition a special general meeting of shareholders in connection with Endurance's proposal to increase the size of Aspen's board of directors from 12 to 19 directors and to authorize support for the Endurance takeover proposal.
Endurance has set July 25, 2014 as the target date for Aspen shareholders to vote on its two proposals.
Stay tuned!
Learn more: http://www.aspen.co and http://www.endurance.bm/.
FC&S Legal coverage:
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].