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Afterward, PartnerRe will begin a tender offer for the remaining Paris Re shares at the same price.
In return, Sprint will receive 4.1 million convertible preferred shares and begin a tender for 1.25 million Earthlink shares at $45 a share.
Yesterday afternoon, Loral said it would begin a tender offer for 10 million Sanders shares, or a controlling interest, at $50 a share in cash.
Under the terms of the proposal, Liberty Global will begin a tender offer of 35 euros a share, about 14 percent higher than Telenet's one-month average volume-weighted closing price.
The agreement calls for a United States subsidiary of NTT to begin a tender offer for the Verio shares no later than May 17. Verio manages sites for more than 400,000 business clients, NTT said.
Johnson Controls, the auto parts manufacturer, will begin a tender offer on Monday for the shares of the Ikeda Bussan Company, a Nissan Motor Company affiliate that is best known for making premium-quality car seats.
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The company has officially begun a tender offer for Temple-Inland's outstanding shares.
Mr. Icahn, through his affiliated funds, began a tender offer for Lions Gate at $6 a share.
After Astellas began a tender offer for OSI's shares and proposed a rival slate of directors, the American drug maker agreed to open its books to its unsolicited suitor.
But if they do not, he suggested that Nasdaq and ICE would consider other strategies -- which analysts and the people who had been briefed on the matter say could include beginning a tender offer for NYSE Euronext shares.
But it will not be adopted to block Coty from acquiring shares because securities laws will prevent it from acquiring any Avon shares unless it goes fully hostile and begins a tender offer.
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