![]() Portrait mode with advanced bokeh and Depth Control Support for display of multiple languages and characters simultaneouslyġ2MP Main: 26 mm, ƒ/1.5 aperture, sensor-shift optical image stabilization, seven-element lens, 100% Focus Pixelsġ2MP Ultra Wide: 13 mm, ƒ/2.4 aperture and 120° field of view, five-element lensĢx optical zoom out digital zoom up to 5x ![]() Rated IP68 (maximum depth of 6 meters up to 30 minutes) under IEC standard 60529Ĩ00 nits max brightness (typical) 1200 nits peak brightness (HDR) When measured as a standard rectangular shape, the screen is 6.06 inches diagonally (actual viewable area is less).Ħ.1-inch (diagonal) all-screen OLED display The iPhone 14 display has rounded corners that follow a beautiful curved design, and these corners are within a standard rectangle. The Exor takeover requires the approval of the reinsures shareholders.Manual and tutorial Dimensions Size (inches) 14, although the market largely believes another suitor is unlikely. Exor has said it was attracted by the “long-term potential” of PartnerRe, a company in which it began investing as far back as 1993.Įxor said its agreement with PartnerRe includes a provision allowing the reinsurer to evaluate any competing offers received before Sept. It became PartnerRe’s largest single investor with a stake of around 10 percent in a bid to lobby fellow shareholders.įighting a bitter bidding war that at times appeared to jar with his soft-spoken and discreet management style, Exor Chief Executive John Elkann, scion of Fiat’s founding Agnelli family, said from the start he was very determined in his pursuit of PartnerRe and improved his offer several times. PartnerRe will pay Axis a $315 million break-up fee.Įxor has for months engaged in a battle of words with the board of Bermuda-based PartnerRe, seeking to convince PartnerRe shareholders that its offer was preferable. 7 meeting, but that was cancelled after the two reinsurers terminated their merger agreement. ![]() PartnerRe shareholders were supposed to vote on the combination with Axis at an Aug. ![]() PartnerRe’s shares were up 2.4 percent at $139.20 while Axis was up almost 4 percent at $59.81. During the seven-month saga, Axis’s offer came close to Exor’s and included a special dividend in cash for PartnerRe shareholders.Įxor’s shares closed up 1.2 percent at 46.40 euros. Its overall $140.50 per share offer amounts to a 30 percent premium to Axis’s initial all-stock bid valued at $107.53 per share on Jan. “Whether by design, or by fortuity, the PartnerRe board of directors managed to secure substantial incremental value for PartnerRe shareholders relative to the initial terms of the Axis/PartnerRe deal,” Wells Fargo analyst John Hall said.Įxor, which is also seeking to increase its stake in publisher The Economist, said it would pay $137.50 for each PartnerRe share and also offer a $3 special dividend per share, in line with its latest, improved offer. Sources familiar with the matter told Reuters last week that PartnerRe was finally willing to negotiate a deal with the Italian group after three proxy advisers recommended that its shareholders vote against the tie-up with Axis. ![]() The agreement marks a U-turn for PartnerRe, which in January had agreed a merger with Axis to create one of the world’s largest reinsurers and repeatedly spurned approaches from Exor, despite sweetened offers. ![]()
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