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 these facts, WeissLaw is investigating whether AHL's Board
acted in the best interests of AHL's public shareholders to
maximize shareholder value prior to entering into the
agreement. If you own AHL shares and would like more
information about your rights or our investigation, or if you have
information to share with us, please contact Joshua Rubin by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the form
on our website,
http://www.weisslawllp.com/aspen-insurance-holdings-limited/
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SOURCE WeissLaw LLP