Tag: #PartnerRe

PartnerRe Urges Vote For AXIS Amalgamation

PartnerRe Urges Vote For AXIS Amalgamation

Bermuda-based PartnerRe Ltd. yesterday [June 17] announced that its Board of Directors has sent a letter to shareholders in connection with the previously announced amalgamation with AXIS Capital. “PartnerRe reaffirms its recommendation of the AXIS transaction and urges shareholders to vote for the amalgamation agreement with AXIS Capital ahead... Read more of this article

Bermuda Supreme Court Deny EXOR Request

Bermuda Supreme Court Deny EXOR Request

The AXIS/EXOR/PartnerRe business matter continues, with EXOR confirming that the Supreme Court of Bermuda has denied EXOR’s request to obtain customary beneficial ownership information from PartnerRe and saying they will “actively solicit PartnerRe’s common and preferred shareholders to vote against the AXIS transaction.” “Despite... Read more of this article

EXOR Lawsuit: PartnerRe To ‘Vigorously Defend’

EXOR Lawsuit: PartnerRe To ‘Vigorously Defend’

EXOR has filed a definitive proxy statement with the United States Securities and Exchange Commission [SEC] in opposition to the proposed merger of AXIS Capital Holdings Limited and PartnerRe, and has also filed a lawsuit in a Bermuda court. In addition, on June 1, 2015 EXOR filed a lawsuit in the Supreme Court of Bermuda saying they are “seeking... Read more of this article

European Commission Approve Pending Merger

European Commission Approve Pending Merger

AXIS Capital Holdings Limited and PartnerRe Ltd. have received antitrust clearance from the European Commission with respect to the definitive amalgamation agreement that the two Bermuda-based companies announced on January 25, 2015. “AXIS Capital and PartnerRe have now received all competition-related approvals required for the completion of... Read more of this article

Sandell Asset: “Best Interests Of Shareholders”

Sandell Asset: “Best Interests Of Shareholders”

The AXIS/EXOR/PartnerRe business matter continues, with Sandell Asset Management Corp issuing a public letter to the Chairman of PartnerRe Board expressing concern “that, with respect to the EXOR offer, certain actions of the Board of PartnerRe Ltd. did not appear to have been in the best interests of PartnerRe shareholders.” “While... Read more of this article

EXOR “Willing To Negotiate In Good Faith”

EXOR “Willing To Negotiate In Good Faith”

EXOR S.p.A., one of Europe’s leading listed investment companies and the largest shareholder of Bermuda-based PartnerRe Ltd., said “it is willing to negotiate in good faith to provide PartnerRe shareholders with improved closing certainty with regards to its binding all-cash $137.50 offer. “EXOR is prepared to commence these discussions... Read more of this article

PartnerRe Prepared For ‘Discussions’ With EXOR

PartnerRe Prepared For ‘Discussions’ With EXOR

Bermuda-based PartnerRe Ltd. said its Board of Directors has “determined that it is prepared to engage in discussions with EXOR S.p.A. to determine whether EXOR’s offer, received on May 12, 2015, to acquire all of the outstanding common shares of PartnerRe for $137.50 per share in cash can be improved so that it is compelling, on price and... Read more of this article

PartnerRe Confirms Receipt Of EXOR Proposal

PartnerRe Confirms Receipt Of EXOR Proposal

Bermuda-based PartnerRe Ltd. confirmed that it has received a revised offer from EXOR to acquire all of the outstanding common shares of the company for $137.50 per share in cash. The company said, “Consistent with its fiduciary duties and subject to the existing merger agreement with AXIS Capital, PartnerRe’s Board of Directors, in consultation... Read more of this article

EXOR Announce Another Offer For PartnerRe

EXOR Announce Another Offer For PartnerRe

EXOR, one of Europe’s leading listed investment companies, today [May 12] announced another offer to buy Bermuda-based PartnerRe Ltd, with the offer to acquire all of the outstanding common shares of PartnerRe for $137.50 per share in cash, valuing PartnerRe at $6.8 billion. Earlier this month, PartnerRe Ltd. announced that it rejected the first... Read more of this article

PartnerRe Declares Preferred Shares Dividends

PartnerRe Declares Preferred Shares Dividends

PartnerRe Ltd.  has declared a dividend for the period March 1, 2015 – May 31, 2015 of $0.40625 per share on the Company’s 6.50% Series D Cumulative Redeemable Preferred Shares, $0.453125 per share on the Company’s 7.25% Series E Cumulative Redeemable Preferred Shares, and $0.3671875 on the Company’s 5.875% Series F Non-Cumulative Redeemable... Read more of this article

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