Aspen Insurance Holdings Ltd. and Endurance

Endurance: The overwhelming majority of Aspen shareholders participating in the consent solicitation have rejected both of Endurances proposals, Bermuda-based Aspen said yesterday in a statement. The announcement was based on preliminary results at the close of business yesterday, Aspen said, according to Bloomberg. Endurance had offered about $3.2 billion in cash and stock, based on its share price on June 2, when the company made its second bid. Bermuda-based Endurance said a combination would add scale and diversify risk. Aspen said the offer was too low and Aspen Insurance Holdings Ltd. AHL said the insurers investors didnt support plans from hostile bidder Endurance Specialty Holdings Ltd. ENH to shake up their companys board. Endurance was asking Aspen shareholders to approve a special meeting and increase the size of the companys board to 19 from 12 to ease a takeover. Aspen said that investors owning at least 76 percent of the shares opposed each of the proposals. (news.financializer.com). As reported in the news.