August 28, 2018 / 6:40 AM / 3 months ago

Apollo Global Management funds to buy Aspen Insurance for $2.6 bln

Aug 28 (Reuters) - Aspen Insurance Holdings Ltd said on Tuesday it will be acquired by certain funds affiliated to Apollo Global Management LLC in an all-cash deal valued at $2.6 billion.

Apollo Funds will pay $42.75 per share, representing a 6.6 percent premium to Aspen stock’s closing price on Monday.

The deal comes after a strategic review by Aspen’s board, it said. (Reporting by Bhanu Pratap in Bengaluru; Editing by Gopakumar Warrier)

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