PartnerRe Comments on Revised Proposal from EXOR
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Axis Capital (AXS) Says Its Merger Agreement with PartnerRe (PRE) is Superior to EXOR's Latest Offer
July 21, 2015 2:25 PM EDTAxis Capital (NYSE: AXS) today stated that its merger agreement with PartnerRe Ltd. (PartnerRe) (NYSE: PRE) is superior to the revised offer from EXOR S.p.A. (EXOR).
AXIS Capital said:
The value of our merger agreement with... More
PartnerRe (PRE) Affirms Receipt of Revised EXOR S.p.A. Offer; Would Result in 'Superior Proposal'
July 21, 2015 8:41 AM EDTPartnerRe (NYSE: PRE) confirmed that it has received a revised acquisition proposal from EXOR S.p.A. (EXOR), offering a $3.00 per common share special dividend.
In response to EXORs revised offer, its sixth revised proposal, the PartnerRe Board has determined that the latest EXOR proposal would reasonably be likely to result in a Superior Proposal (as defined in the... More
