Arab Today, arab today exor strikes 69 bn deal to buy partnerre
Last Updated : GMT 05:12:11
Arab Today, arab today
Arab Today, arab today

Exor strikes $6.9 bn deal to buy PartnerRe

Arab Today, arab today

Arab Today, arab today Exor strikes $6.9 bn deal to buy PartnerRe

Exor has struck
Rome - AFP

Italian-based investment company Exor, controlled by the Agnelli family, said Monday it had struck a $6.9 billion (6.3 billion euro) deal to buy reinsurer PartnerRe.

Exor, already the largest shareholder of PartnerRe, said it had "signed a definitive merger agreement to acquire all of the outstanding common shares of PartnerRe for $137.50 per share in cash plus a $3.00 per share special dividend... valuing PartnerRe at approximately $6.9 billion."

"Today's agreement is very positive for PartnerRe and Exor. Under our stable and committed ownership, PartnerRe will continue to develop as a leading independent global reinsurer," said John Elkann, Exor's chairman and CEO.

An Exor statement said the agreement includes a six-week "go-shop" period during which PartnerRe can solicit and evaluate any competing offers.

PartnerRe said the deal meant it would end its separate agreement with Axis Capital and pay a $315 million termination fee.

The global firm's headquarters will be maintained in Bermuda, with a strategic presence on five continents, it said.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today exor strikes 69 bn deal to buy partnerre Arab Today, arab today exor strikes 69 bn deal to buy partnerre

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today exor strikes 69 bn deal to buy partnerre Arab Today, arab today exor strikes 69 bn deal to buy partnerre

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday