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Fly News Breaks for July 9, 2015
AXS
Jul 9, 2015 | 06:28 EDT
Macquarie pgraded AXIS Capital (AXIS to Outperform from Neutral and increased its price target to $65. The firm believes Arch Capital (ACGL) could write an exploratory letter to AXIS suggesting a $65 per share bid for the company, contingent on terminating its merger with Partners (PRE), thus freezing the AXIS/Partners deal process and delay the voting process until AXIS can review the offer.
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