July 16- Reinsurer Axis Capital Holdings Ltd sweetened its offer for rival PartnerRe Ltd as it looks to fend off a competing bid from Italy's Exor SpA. The companies said on Thursday that Axis would raise the special dividend component of the offer to $17.50 per share from $11.50 and match Exor's exchange offer for PartnerRe's preferred shareholders.» Read More
RIO DE JANEIRO, April 27- Telefonica Brasil SA said on Monday its board had approved a share offering priced at 47 reais for preferred shares and 38.47 reais for commons shares, as the company raises funds to buy broadband provider GVT.
NEW YORK, March 11- Morgan Stanley withdrew a proposal to repurchase $4.9 billion worth of trust preferred securities in order to get approval from the U.S. Morgan Stanley's capital plan originally included buying back those hybrid securities, as well as the dividend increase and common stock buyback that it announced on Wednesday, said the person, who was not...
NEW YORK, March 11- Big U.S. banks, including JPMorgan Chase& Co and Citigroup Inc, are expected to win Federal Reserve backing on Wednesday to buy back more shares and increase their dividends in the coming year, but the approvals may be as much about the institutions' financial engineering as any improvement in their health. Issuing preferred shares to pay for...
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