Exor boosts PartnerRe offer to $140.50/share

July 20, 2015 1:03 PM

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MILAN, July 20 Italian holding company Exor said on Monday it would offer a special dividend to PartnerRe common shareholders of $3 per share, lifting its overall offer for the reinsurer to $140.50 a share as it seeks to trump a rival bid.

Exor, the investment vehicle of Italy's Agnelli family, has for months sought to convince PartnerRe investors to accept its offer over a merger the Bermuda-based company already agreed in January with peer Axis Capital Holdings.

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