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Stock Market & Financial Investment News

News Breaks
July 31, 2014
08:39 EDTAXSAXIS Capital upgraded at BMO Capital
As noted earlier, BMO Capital upgraded AXIS Capital to Market Perform from Underperform. The firm upgraded the stock based on valuation. Target to $46 from $44.
News For AXS From The Last 14 Days
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May 4, 2015
08:24 EDTAXSAXIS Capital upgraded to Outperform from Market Perform at BMO Capital
BMO Capital upgraded AXIS on Friday, as the firm predicted that the capital buildup from its current business and its reduced peak zone cat exposure, along with a large breakup fee from PartnerRe, would allow AXIS to return more than $760M of total capital over the next four quarters. Target to $59 from $56.
07:34 EDTAXSPartnerRe investors to receive special cash dividend in connection with merger
07:34 EDTAXSAXIS Capital, PartnerRe reaffirm commitment to merger agreement
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07:33 EDTAXSAXIS Capital, PartnerRe reaffirm commitment to merger agreement
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06:50 EDTAXSPartnerRe to host conference call
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06:32 EDTAXSPartnerRe rejects unsolicited proposal by EXOR
PartnerRe (PRE) rejected the unsolicited proposal by EXOR to acquire PartnerRe at a price of $130 per share. The Company further reaffirmed its commitment to the planned merger with AXIS Capital Holdings (AXS) and announced enhanced merger terms that allow PartnerRe to pay a one-time special dividend of $11.50 per common share to PartnerRe common shareholders prior to the closing of the amalgamation agreement between PartnerRe and AXIS Capital. The PartnerRe Board held extensive discussions with EXOR, who announced their unsolicited all cash proposal on April 14.
April 29, 2015
16:46 EDTAXSAXIS Capital reports Q1 operating EPS $1.35, consensus $1.23
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15:00 EDTAXSNotable companies reporting after market close
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April 22, 2015
05:49 EDTAXSPartnerRe downgraded to Neutral from Buy at UBS
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