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Shares of Axis Capital Holdings Limited (NYSE: AXS) were up more than 3% this morning on news that the reinsurance firm will merge with PartnerRe Ltd. (NYSE: PRE). The firms will form a new company expected to be worth approximately $11 billion. Meanwhile, cereal giant Post Holdings Inc. (NYSE: POST) announced plans to purchase privately-held MOM Brands Co. for $1.15 billion. The acquisition will provide Post with Berry Colossal Crunch and Frosted Mini Spooners the firm's wide range of cereal brands.