Endurance Specialty Holdings Ltd., the Bermuda-based provider of property and casualty insurance, announced a $3.2 billion offer to buy Aspen Insurance Holdings Ltd. after the target company turned down its proposal.
Perry Capital LLC, which sided with activist investor Bill Ackman in his effort to remove J.C. Penney Co.’s chief executive officer, has taken a stake in Herbalife Ltd. in opposition to Ackman, said a person with knowledge of the purchases.
Barneys New York has been taken over by Perry Capital in a debt-for-equity swap that reduces the luxury retailer’s borrowings by $540 million, allowing the chain to invest more in its rebounding business.
Perry Capital LLC asked a judge to dismiss a lawsuit by Solus Alternative Asset Management LP in which Perry is accused of making a “willful breach” of obligations to sell an interest in $195 million of claims on Bernard L. Madoff’s estate.
Hedge fund firm Perry Capital LLC sued the U.S. Treasury Department claiming the government’s seizure of all profits from Fannie Mae and Freddie Mac is illegal and has destroyed shareholders’ holdings.