PartnerRe is rejecting an offer from Italian investment company Exor, saying it will go ahead with its combination with competitor Axis Capital.
PartnerRe Ltd. and Axis Capital Holdings Ltd. had agreed to a all-stock deal that valued the combined company at $11 billion. PartnerRe's shareholders will get a little more than half that total.
11:00 Teetering Italian bank looks for investors9
14:49 Trump warns of ‘retribution’ for companies that offshore jobs, threatening 35 percent tariff14
18:05 DP World, Quebec's Caisse to create C$5 billion investment vehicle17
03:00 Carrier incentives stir debate over 'rewarding' offshoring14