Acquisition Proposal Spurs Aspen Insurance Surge

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Acquisition Proposal Spurs Aspen Insurance Surge

Aspen Insurance Holdings Limited (NYSE:AHL), Kindred Biosciences Inc (NASDAQ:KIN) and Herbalife Ltd. (NYSE:HLF) are the top gainers midday this Monday. The losers are Himax Technologies, Inc. (ADR) (NASDAQ:HIMX), Qiwi PLC (NASDAQ:QIWI) and ExOne Co (NASDAQ:XONE).

Aspen Insurance Surges

Aspen Insurance Holdings Limited (NYSE:AHL) surged +10.80%. The David Einhorn asset has received an acquisition proposal by Endurance Specialty Holdings Ltd. (NYSE:ENH).

Exclusive: Lee Ainslie Struggled During The Third Quarter As Tech Holdings Fell

activist short selling Investing investLee Ainslie's Maverick Capital had a difficult third quarter, although many hedge funds did. The quarter ended with the S&P 500's worst month since the beginning of the COVID pandemic. Q3 2021 hedge fund letters, conferences and more Maverick fund returns Maverick USA was down 11.6% for the third quarter, bringing its year-to-date return to Read More

With a +9.15% increase, Kindred Biosciences Inc (NASDAQ:KIN) has started the day off strong as well after falling -20.60% last week. KIN is part of the portfolios of Seth Klarman and Farallon Capital.

Also catching a break is Herbalife Ltd. (NYSE:HLF), up 7.42% midday. It fell -14% on Friday following reports of a federal investigation but today denied any knowledge of the probe. Both Carl Icahn and George Soros have positions in HLF.

Himax, QIWI, ExOne Continue Tough 2014

Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) is today’s biggest midday loser, down -8.79%. It has experienced quite the sell-off this year, down -35.01% YTD. The stock has suffered this year even after beating revenue expectations and has fallen -35.01% YTD. HIMX is part of Tiger Global’s fund.

Posting a decrease of -3.94% is Qiwi PLC (NASDAQ:QIWI), a Russian operator of electronic payment systems. The Tiger Global pick is extending last week’s losses of -11.69%. YTD numbers are looking up either, with QIWI down -46.66%.

Last is ExOne Co (NASDAQ:XONE), its price having fallen today -3.86% and -56.22% this year. The 3D printing business continues to struggle to find its footing.

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