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Stock Market & Financial Investment News

News Breaks
February 11, 2013
10:00 EDTAXSAXIS Capital trading halted, news pending
News For AXS From The Last 14 Days
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June 29, 2015
09:10 EDTAXSExor updates PartnerRe offer by expanding legally binding guarantee for the deal
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June 24, 2015
10:11 EDTAXSPartnerRe comments on 'continued misleading statements' by EXOR
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June 23, 2015
08:28 EDTAXSEXOR says offer for PartnerRe 'superior by all significant measures'
EXOR S.p.A., the largest shareholder of PartnerRe Ltd. (PRE), is entering the second week of meetings with PartnerRe analysts and investors to ensure the maximum clarity regarding its offer for PartnerRe shareholders. EXOR says it "has received a positive response for its offer and for the presentation of the merits, certainty and superiority of its $137.50 per share, all-cash binding offer. In the face of the compelling facts presented by EXOR, after having already disseminated false statements on the EXOR transaction not endorsed by Standard & Poor’s PartnerRe continues its irresponsible campaign of intentionally and inappropriately misleading its shareholders. The more the PartnerRe board misleads its shareholders on the merits of the EXOR offer the clearer it is that the inferior AXIS (AXS) transaction is short on substance and long on execution and integration risks for its shareholders, employees and clients. EXOR is soliciting common and preferred shareholders to vote AGAINST the proposed AXIS transaction at the upcoming Special General Meeting of PartnerRe shareholders to be held on July 24. This will enable PartnerRe to accept EXOR’s superior offer for the company."
June 22, 2015
10:00 EDTAXSOn The Fly: Analyst Downgrade Summary
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07:59 EDTAXSAXIS Capital downgraded to Neutral from Buy at MKM Partners
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07:03 EDTAXSPartnerRe files presentation detailing risks posed by EXOR's offer
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06:26 EDTAXSAXIS Capital downgraded to Neutral from Buy at MKM Partners
June 19, 2015
06:14 EDTAXSAxis, Arch Capital not in deal talks, Reuters reports
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June 18, 2015
07:15 EDTAXSArch Capital may bid as much as $65 per share for AXIS Capital, FT says
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07:10 EDTAXSPartnerRe: Recommendation of AXIS deal result of 'rigorous, objective' process
PartnerRe (PRE) has made available a presentation on its website and on www.partnerre-valuecreation.com that the company says provides a "thorough overview of the rigorous and objective process its Board of Directors undertook over the past two years to achieve the best possible outcome for shareholders. The PartnerRe Board has acted – and continues to act – in the best interests of the company and its shareholders, and the merger of equals with AXIS Capital (AXS) is the result of a thorough exploration of strategic opportunities." PartnerRe added: "EXOR has made various deceptive assertions in a transparent effort to distract shareholders from the inadequacy of its opportunistic offer for PartnerRe relative to the merits of the AXIS Capital transaction. The merger of equals with AXIS Capital delivers PartnerRe shareholders superior value and a clear path to closing, and is the result of a high quality governance process...The PartnerRe Board of Directors continues to urge its shareholders of both common and preferred shares to promptly use the white proxy card to vote for the Amalgamation Agreement with AXIS Capital at the shareholder meeting on July 24."
June 17, 2015
10:00 EDTAXSOn The Fly: Analyst Downgrade Summary
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07:52 EDTAXSAXIS Capital downgraded on valuation at BMO Capital
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07:02 EDTAXSPartnerRe urges shareholders to vote for merger with AXIS Capital
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06:40 EDTAXSAXIS Capital downgraded to Market Perform from Outperform at BMO Capital
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