The Supreme Court of Bermuda has denied EXOR’s request to obtain shareholder information from PartnerRe, the reinsurer that is seeking to merge with AXIS Capital Holdings and avoid a hostile takeover from EXOR SpA. “EXOR’s application has been denied and …
EXOR, the Turin, Italy-based investment company and a suitor in the ongoing takeover battle of PartnerRe, filed a lawsuit on June 1 in the Supreme Court of Bermuda, seeking to obtain PartnerRe’s list of shareholders in order to make sure …
AXIS Capital Holdings Ltd. and PartnerRe Ltd. have scheduled special shareholder meetings to vote on the proposed merger of AXIS Capital and PartnerRe. AXIS Capital’s special meeting of shareholders in connection with the proposed merger will be held on July …
Sandell Asset Management Corp., the activist hedge-fund firm run by Tom Sandell, said PartnerRe Ltd. directors hurt shareholders by pushing a merger with AXIS Capital Holdings Ltd. rather than talks with a hostile bidder. “We will not hesitate to exercise …
PartnerRe Ltd. said in a statement on Friday that its suitor EXOR has rejected any negotiations to raise its $6.8 billion hostile offer. As a result, the Bermuda-based PartnerRe said it will ask shareholders to vote on the planned merger …
EXOR SpA, the investment vehicle of Italy’s Agnelli family, reiterated that it won’t sweeten a $6.8 billion offer to buy PartnerRe Ltd. as the reinsurer demands a higher price to abandon a merger deal with AXIS Capital Holdings Ltd. EXOR …
PartnerRe Ltd. said it would engage in discussions with hostile bidder EXOR SpA to seek a better offer than the $6.8 billion proposal that the target company called “unacceptable.” “While we believe that PartnerRe is worth materially more than EXOR …
The billionaire Agnellis will become more interested in hurricane damage and less dependent on sales of Alfa Romeo sports cars and CNH tractors if their $6.8 billion bid for reinsurer PartnerRe Ltd. is successful. PartnerRe, which assumes risks for natural …
Bermuda-based PartnerRe Ltd. has confirmed it has received a revised offer from EXOR SpA to acquire all of the outstanding common shares of the company for $137.50 per share in cash. Consistent with its fiduciary duties and subject to the …
EXOR SpA upped the ante in the takeover battle for PartnerRe Ltd., raising its bid by 5.8 percent to overcome a rival offer from AXIS Capital Holdings Ltd. EXOR, the investment vehicle of Italy’s billionaire Agnelli family, now plans to …
