AHL - Merger Arbitrage Analysis And Spread Performance - February 10 2019
Deal Specifics
Aspen Insurance (AHL) reported results for the fourth quarter during the week and despite Chris O’Kane, Chief Executive Officer, commenting: “Aspen's fourth quarter 2018 results were impacted by the significant natural catastrophe activity that we witnessed across the industry during the period", the stock climbed 1.70% for the week. We suspect this is mainly due to what wasn't said during the report such as anything that may give grounds to invoke a MAC clause. The press release stated "the closing of the transaction is subject to closing conditions...as well as