Exor to woo PartnerRe shareholders at meeting

Italian investment company Exor has unveiled plans to hold an investor meeting for all PartnerRe shareholders.

In April, Exor made a rival bid for the Bermuda-based reinsurer, potentially foiling Axis Capital’s acquisition plans and sparking a chain of events. Since then, a war of words has broken out between the boards of Exor, PartnerRe and Axis.

The meeting, which will take place on July 7, 2015 in New York, will see John Elkann, chairman and chief executive officer of Exor, discuss Exor’s offer for $137.50 per share.

“Exor will also discuss how its ownership of PartnerRe will create greater security and stability for PartnerRe preferred shareholders going forward. Exor believes its offer is clearly superior to the Axis transaction and looks forward to communicating directly with shareholders at the meeting,” said the company.

PartnerRe’s shareholder meeting will take place on July 24, 2015.