Sompo completes US$3.5 billion Aspen takeover


Under the deal, a wholly owned subsidiary of Sompo International Holdings has acquired 100% of Aspen’s issued class A ordinary shares. Aspen’s class A stock has ceased trading on the New York Stock Exchange following the completion of the merger, while its preference shares will remain outstanding with their rights, terms and conditions unchanged and will continue to be listed. Sompo and Aspen may in future consider redeeming, repurchasing or delisting the preferred shares or associated depositary shares.


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