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Best mortgage deals of the week

As possibility of multiple interest rate cuts dwindle here's what banks and building societies are offering

Exor offer for PartnerRe "superior" to Axis deal, says activist investor

Reuters - UK Focus

April 16 (Reuters) - PartnerRe Ltd (NYSE: PRE - news) 's second-biggest shareholder said Exor SpA's $6.4 billion all-cash offer for the Bermuda-based reinsurer was "much superior" to the all-share deal it agreed with rival Axis Capital Holdings in January.

"We weren't happy with the terms of (the Axis (Stockholm: AXIS.ST - news) ) deal and we had expressed that to the company," Franklin Mutual Advisers LLC (FMA) Chief Executive Peter Langerman told Reuters on Thursday.

FMA owns a 4.75 percent stake in PartnerRe as of Dec (Shanghai: 600875.SS - news) . 31, according to Thomson Reuters data. (Reporting by Richa Naidu in Bengaluru; Editing by Simon Jennings)