BMO Capital Upgrades PartnerRe (PRE) Two-Notches to Outperform
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AXIS Capital and PartnerRe Announce HSR Clearance for Amalgamation
March 25, 2015 7:30 AM EDTS&P Affirms Companies Credit Ratings and Stable Outlook
PEMBROKE, Bermuda--(BUSINESS WIRE)-- AXIS Capital Holdings Limited (AXIS Capital) (NYSE: AXS) and PartnerRe Ltd. (NYSE: PRE) today announced that they have received early termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with respect to the definitive amalgamation agreement that the companies announced on January 25, 2015. The expiration of the waiting period satisfies one of the conditions to complete the transaction, which is expected to close in the second half of 2015.
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