Wellington Nets $138M from Sale of Aspen Shares
Wellington Underwriting PLC in London reported that it will receive net proceeds of about $138.6 million from the sale of 6,000,000 Aspen shares.
Following the sale of these shares, Wellington will continue to hold 3,800,142 Aspen shares, as well as options to purchase a further 3,781,120 Aspen shares.
Wellington has said it plans to invest the funds to support its underwriting operations at Lloyd’s.
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