Scor Warns Investor Against Slander After €8.2B Merger Fails

Law360, London (February 5, 2019, 5:23 PM GMT) -- The hostility surrounding a failed €8.2 billion ($9.4 billion) merger involving Scor SE deepened on Tuesday, with the French reinsurer rejecting assertions that it acted aggressively and warning a critical investor not to commit slander.

Scor SE, one of the world's biggest reinsurers, announced on Jan. 29 that it would sue mutual insurer Covea Group and Thierry Derez, chairman of Covea Cooperations, and filed a fraud claim against Barclays PLC at London's High Court. The barrage of legal threats came after Covea announced it was abandoning plans for a merger with Scor earlier the same day.

On Tuesday Scor turned its...

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