Aspen Insurance Holdings Limited announced that the secondary public offering of 6,450,000 of its ordinary shares by certain of its shareholders has been priced at $25 per share.
“Certain selling shareholders have also granted the underwriters an option to purchase an additional 870,000 ordinary shares available for sale to cover over-allotments,” said the announcement.
It also noted that “all the ordinary shares being sold in this offering are being sold by the selling shareholders. Aspen will not receive any proceeds from this offering.”
Credit Suisse First Boston and Deutsche Bank Securities are acting as joint book-running managers for the offering. Morgan Stanley is acting as joint lead manager, and Goldman, Sachs & Co., Dowling & Partners Securities, Fox-Pitt, Kelton and Keefe, Bruyette & Woods are acting as co-managers for the offering.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission and became effective on March 3, 2005.
Was this article valuable?
Here are more articles you may enjoy.
Homebuilders Cut on ‘Sluggish’ Housing Market, Florida Woes 
Insurers Hike Rates as Extreme Storms Like Beryl Proliferate 
Elon Musk Beats $500 Million Severance Lawsuit by Fired Twitter Workers 
Damage From Hurricane Beryl May Cost Insurers $2.7B in US, $510M in Caribbean: KCC 
