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Private Equity

Apollo To Buy Aspen For $2.6B In Insurance Expansion

by fa-mag.com posted 11months ago 34 views
Apollo Global Management LLC, the investment firm led by Leon Black, agreed to acquire Aspen Insurance Holdings Ltd. for $2.6 billion, in the latest example of private equity investors expanding their insurance assets. Apollo will pay $42.75 a share for the Hamilton, Bermuda-based insurer, a premium of 6.6 percent to Monday’s closing share price, in an all-cash deal.

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