Tag: #PartnerRe

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

EXOR Still “Committed” To Offer For PartnerRe

EXOR Still “Committed” To Offer For PartnerRe

EXOR said it “notes the decision by the Board of Directors of PartnerRe Ltd. to abandon its prior agreement and accept a revised but still inferior transaction from AXIS Capital Holdings Limited in preference to EXOR’s own proposal.” Yesterday PartnerRe, a Bermuda-based re/insurer, reaffirmed its commitment to the planned merger with... Read more of this article

PartnerRe Reaffirms Commitment: AXIS Merger

PartnerRe Reaffirms Commitment: AXIS Merger

Bermuda-based PartnerRe Ltd. today [May 4] announced that its Board of Directors has rejected the unsolicited proposal by EXOR to acquire PartnerRe. PartnerRe said, “The Company further reaffirmed its commitment to the planned merger with AXIS Capital Holdings Limited and announced enhanced merger terms that allow PartnerRe to pay a one-time... Read more of this article

PartnerRe Declares $0.70 Quarterly Dividend

PartnerRe Declares $0.70 Quarterly Dividend

Bermuda-based PartnerRe Ltd. announced that its Board of Directors has declared a dividend of $0.70 per common share. The dividend will be payable on June 1, 2015, to common shareholders of record on May 8, 2015. Related StoriesPartnerRe Declares Preferred Shares Dividends Sandell Asset: “Best Interests Of Shareholders” EXOR... Read more of this article

PartnerRe Reports First Quarter 2015 Results

PartnerRe Reports First Quarter 2015 Results

Bermuda-based PartnerRe Ltd. reported net income of $231.7 million, or $4.76 per share for the first quarter of 2015. This includes net after-tax realized and unrealized gains on investments of $100.3 million, or $2.06 per share. Net income for the first quarter of 2014 was $295.7 million, or $5.61 per share, including net after-tax realized and unrealized... Read more of this article

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