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Stock Market & Financial Investment News

News For AXS From The Last 14 Days
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May 22, 2015
11:50 EDTAXSEXOR notes PartnerRe's unwillingness to engage properly
EXOR S.p.A., one of Europe’s leading listed investment companies and the largest shareholder of PartnerRe (PRE), notes Friday's announcement by PartnerRe which continues to mischaracterize its proposal. Further, PartnerRe remains unwilling to engage with EXOR according to the terms provided in their agreement with AXIS Capital Holdings Limited (AXS). EXOR therefore welcomes the announcement that the board of PartnerRe is finally taking steps to allow its shareholders to vote on the AXIS transaction. EXOR is confident that PartnerRe shareholders will vote in their best interest and that EXOR’s $137.50 per share all-cash binding offer will ultimately prevail as it provides superior value and certainty. EXOR urges the board of PartnerRe to announce a record date and a date for a shareholder meeting without delay.
11:13 EDTAXSSandell says PartnerRe behavior raises questions about commitment to fairness
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07:02 EDTAXSPartnerRe to proceed to vote on AXIS Merger after EXOR rejects invite to talks
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May 21, 2015
14:15 EDTAXSEXOR says willing to engage with PartnerRe
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May 20, 2015
19:35 EDTAXSAXIS CEO says PartnerRe merger still in best interest of company, Reuters says
AXIS Capital (AXS) CEO Albert Benchimol sent a memo to company employees Wednesday stating that a merger with PartnerRe (PRE) remains in the best interest of both companies, but that if it ultimately fails to secure a deal, AXIS can expect to receive a $280M breakup fee, Reuters reported earlier, citing a copy of the memo. Reference Link
08:58 EDTAXSPartnerRe board issues letter to shareholders
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08:56 EDTAXSPartnerRe board seeks to engage EXOR in discussions regarding potential deal
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May 18, 2015
13:20 EDTAXSArch has made multiple AXIS Capital approaches, The Insurance Insider reports
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06:22 EDTAXSSource: AXIS not planning to sweeten bid for PartnerRe, Reuters reports
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May 12, 2015
18:52 EDTAXSPartnerRe shareholder calls Exor offer 'clearly superior,' Reuters says
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07:22 EDTAXSEXOR announces all-cash offer to acquire PartnerRe for $137.50 per share
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