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Converium Board Accepts SCOR Offer, Ratings Remain Stable

"The increase in the offer price represents a significant improvement in the consideration offered to our shareholders," he said. "The offer price recognizes our remarkable turnaround of the past two

By Caroline McDonald | Updated on May 10, 2007

After months of rejections and speculation, the Swiss reinsurer Converium AG today announced its board of directors unanimously accepted a revised offer from the French reinsurer SCOR.

Markus Dennler, chairman of Converium’s board of directors, cited an adjustment in the offer price to explain the change of heart.

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