Deals
Axis Agrees to Lift PartnerRe Dividend 52% to Beat Exor Bid
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Axis Capital Holdings Ltd. agreed to a 52 percent increase in the size of the dividend that PartnerRe Ltd. shareholders would get before their planned merger, seeking to fend off a hostile bid for the reinsurer from Exor SpA.
The dividend was raised to $17.50 from $11.50, Bermuda-based PartnerRe and Axis said Thursday in a statement.