PartnerRe exited junk bonds and shifted funds into property as the reinsurer reshaped a $16 billion investment portfolio after being acquired by John Elkanns Exor SpA.
PartnerRe said it would engage in discussions with hostile bidder Exor to seek a better offer than the $6.8 billion proposal that the target company called unacceptable.
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{
"author": {
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"articles": [
{
"uri": "/2016/05/25/elkanns-partnerre-exits-junk-debt-adds-real-estate/",
"title": "Elkann’s PartnerRe exits junk debt, adds real estate after deal",
"byline": "Sonali Basak, Tommaso Ebhardt",
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"prettyDate": "May 25, 2016",
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"summary": "PartnerRe exited junk bonds and shifted funds into property as the reinsurer reshaped a $16 billion investment portfolio after being acquired by John Elkanns Exor SpA.",
"body": null
},
{
"uri": "/2015/05/20/partnerre-to-exor-6-8b-is-unacceptable/",
"title": "PartnerRe to Exor: $6.8B is unacceptable",
"byline": "Sonali Basak, Tommaso Ebhardt, Bloomberg",
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"prettyDate": "May 20, 2015",
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"summary": "PartnerRe said it would engage in discussions with hostile bidder Exor to seek a better offer than the $6.8 billion proposal that the target company called unacceptable.",
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