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Sector Update: Financials Mixed Pre-Market; Aspen Insurance up 7% on Takeover Bid

Top Financial Shares:

JPM: +0.23%

BAC: +0.33%

WFC: flat

C: flat

USB: flat

Financial shares were generally mixed in pre-market trade Monday ahead of data from an Institute for Supply Management survey.

In financial stocks news, American Realty Capital Healthcare Trust ( HCT ) and Ventas ( VTR ) have signed a definitive agreement, approved by their respective boards of directors, to combine businesses in a cash-and-stock transaction.

Under the agreement, real estate investment trust Ventas will buy medical-focused REIT American Realty for $11.33 per share, or $2.6 billion.

And, Aspen Insurance Holdings ( AHL ) shares were up about 7% in pre-market trade after Endurance Specialty Holding Increased its bid to $49.50 from $47.50 per share in cash and took action to hasten the transaction.

AHL trades in a 52-week range of $34.81 to $46.86.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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