PartnerRe to Put Axis Proposal to Vote, Spurning Exor Offer

PartnerRe Ltd. said it will ask its shareholders to vote on a planned merger with Axis Capital Holdings Ltd. after Exor SpA refused to raise a $6.8 billion hostile bid.

“Exor has effectively rejected our board’s good faith offer” to negotiate, Bermuda-based PartnerRe said in a statement Friday. “We have made it very clear that Exor’s price and terms are unacceptable.”

Before it's here, it's on the Bloomberg Terminal. LEARN MORE