Before the close of the first quarter, it became apparent that the commercial superpower was itself being shopped by its Italian parent company, Exor.
It also represents a great opportunity for the company's management and employees to continue to develop PartnerRe's outstanding potential as a leading global reinsurer with our committed and stable ownership," said John Elkann, Chairman and CEO of EXOR.
Actual results may differ materially from those expressed in such statements as a result of a variety of factors, including changes in general economic, financial and market conditions and other changes in business conditions, changes in commodity prices, the level of demand and financial performance of the major industries our portfolio companies serve, changes in regulations and institutional framework (in each case, in Italy or abroad), and many other factors, most of which are outside of the control of EXOR.
There are other interested parties, with rumours still persisting with regard to Rupert Murdoch's News Corp in conjunction with one of Europe's leading investment firms EXOR.
Also today, Exor announced that current chairman John Elkann would take over Sant'Albano's role as CEO at Exor.
No, it wasn't," said Lo Russo when asked if acquiring Massey Knakal was part of a prearranged selling strategy by its parent, EXOR.
In particular, Sapient announced that it is extending its fixed-time, fixed-price approach to the implementation of Oracle enterprise software applications through its ERP (Enterprise Resource Planning) division, EXOR.
Under the agreement, Sapient will issue 305,869 shares of its Common Stock, valued at $16 million, to EXOR's shareholders in exchange for the entire equity interest in EXOR.