Peter Langerman, chief executive of top-five shareholder Franklin Mutual Advisers LLC, told Reuters on Tuesday that the Axis deal would "be voted down, no question about it".
PartnerRe investor says sweetened Exor offer "superior" to Axis bid
May 12 (Reuters) - One of PartnerRe Ltd's biggest shareholders said Exor SpA's sweetened offer for the Bermuda-based reinsurer was "clearly superior" to Axis Capital Holdings Ltd's for the company.
Exor, the investment vehicle of Italy's Agnelli family, raised its all-cash offer for PartnerRe by 5.8 percent to $137.5 per share after its previous attempt to trump a bid by Axis was rejected. (Reporting by Richa Naidu in Bengaluru; Editing by Simon Jennings)
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Gov Alia vows to demolish property housing kidnappers, Yahoo boys in Benue
Tinubu appoints former Rivers lawmaker, ex-Naval officer as heads of NESREA, NDRBDA
Court accuses EFCC boss of contempt over handling of Yahaya Bello's case
Fubara donates ₦350m as Navy moves training headquarters from Lagos to Rivers
Bandits invade Defence Minister's hometown, kill 1, abduct scores
Cardiologist bags 4-year jail term over patient deaths
We must continue to support President Tinubu - Ododo tells Kogi residents
Tinubu appoints Zenith Bank founder Jim Ovia to chair student loan fund
Husband begs IGP to find his wife who went missing on official police duty
ADVERTISEMENT
![Russian Deputy Defence Minister, Timur Ivanov [PhotoNews Pakistan]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'300'%20height%3D'172'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "Russian Deputy Defence Minister, Timur Ivanov [PhotoNews Pakistan]")