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Axis and PartnerRe have boosted the special dividend for PartnerRe’s common shareholders to $17.50 if they back a merger deal. And the two firms also pledged to match an offer to preferred shareholders by Italian investment firm Exor, who have launch...

Would-be merger partners Axis and PartnerRe yesterday both unveiled predicted financial results for the second quarter of the year. Axis said it expected to announce operating income of between $91 million and $97 million for the three-month period, ...

A US-based asset management firm yesterday slammed the board of takeover target PartnerRe for their handling of a bid by Italian investment giants Exor. And Tom Sandell, the CEO of Sandell Asset Management, has written to PartnerRe chairman Jean-Paul...

Italian investment group Exor yesterday pledged to make reinsurance firm PartnerRe bigger if it successful in its $6.8 billion takeover bid. The firm’s chairman and CEO John Elkann said: “We are business builders. If you look at our history, we have ...

Italian investment giant Exor has petitioned employees at takeover target PartnerRe to back its bid for the company. Exor has written to workers at the Pembroke-based company who are also shareholders asking them to vote against a rival bid by Axis, ...

Reinsurance firm PartnerRe yesterday urged its shareholders to back a merger with rival Axis Capital — and accused hostile bidder Exor of “misleading or outright false statements”. The attack on the Italian investment firm, which launched a $6.8 bill...

Investment firm Exor accused Bermuda takeover target PartnerRe of using “scare tactics” to boost votes for a rival bid by Axis Capital. Yesterday’s move came after PartnerRe told preferred shareholders that the debt taken on by Exor as part of its $6...

Exor has filed a proxy statement with the US Securities and Exchange Commission (SEC) in an effort to directly reach PartnerRe shareholders ahead of next month’s vote on the proposed merger deal between Axis and PartnerRe. And the investment firm, wh...

Axis and PartnerRe shareholders will next month get the chance to vote on the proposed merger of the two firms. Shareholders of both firms will meet at the same time on Friday, July 24 in Bermuda to back the shares-only deal — or voice support for a ...