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PartnerRe Opts For Axis Merger Over Exor's $6B Takeover Bid

By Linda Chiem (May 4, 2015, 12:36 PM EDT) -- PartnerRe Ltd. on Monday spurned a $6.4 billion takeover offer from Exor SpA, the European investment firm controlled by Italy's Agnelli family, affirming that it will stick to its previously announced plan to merge with Axis Capital Holdings Ltd. to create an $11 billion reinsurance giant....

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