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Italy's EXOR to Consider Increasing $6.4B Offer for PartnerRe: Sources

2015-05-11 11:06:32| Automakers - Topix.net

Italy's EXOR SpA will consider raising its $6.4 billion offer for reinsurer PartnerRe Ltd at a board meeting next Tuesday, two sources told Reuters. The Italian holding company, controlled by the Agnelli family, made its all-cash offer for PartnerRe in April, disrupting an all-share deal between AXIS Capital Holdings Ltd. and PartnerRe to create one of the world's largest reinsurers with about $11 billion in market capitalization.

Tags: offer sources increasing italys

Alstom delivers first 100m of Italy's Florence tramway Line 2

2015-05-06 01:00:00| Railway Technology

Tram di Firenze consortium member Alstom has delivered the first 100m of Florence's new tramway Line 2 in Novoli, Italy.

Tags: line delivers florence 100m

Alstom to deliver 25 additional Jazz trains for Italy's Trenitalia

2015-04-24 01:00:00| Railway Technology

French train manufacturer Alstom has received two contracts worth approximately 170m from Italian train operator Trenitalia to deliver 25 additional Jazz regional trains.

Tags: additional jazz deliver trains

Italy's EXOR Offers $6.4 Billion for PartnerRe in Threat to AXIS Deal

2015-04-14 21:05:26| Automakers - Topix.net

EXOR SpA offered $6.4 billion for PartnerRe Ltd., seeking to break up the reinsurer's planned merger with AXIS Capital Holdings Ltd. EXOR, controlled by the Agnelli family, is offering $130 a share in cash, the company said in a statement Tuesday, or 16 percent above the implied value per share of Bermuda-based PartnerRe under the terms of the AXIS agreement. An AXIS-PartnerRe combination would create the world's fifth-biggest property and casualty reinsurer, and was announced in January , the same month that XL Group plc agreed to buy Catlin Group Ltd. for about $4 billion.

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