Axis, PartnerRe To Merge, But Will Shareholders See Any Benefit?

Over the weekend, AXIS Capital Holdings (AXS) and PartnerRe (PRE) announced an $11 billion merger. PartnerRe shareholders will receive 2.18 shares of the combined company’s common shares for each of their shares while Axis’s shares will convert on a one-to-one basis. Upon completion of the transaction, shareholders of PartnerRe and AXIS Capital will own approximately [...]