A PYMNTS Company

EU: PartnerRe shareholders approve acquisition

By  |  November 22, 2015

Bermuda-based PartnerRe Ltd. confirmed that its shareholders voted to approve the proposed acquisition of the Company by EXOR, and all related transactions, at a Special General Meeting of shareholders held at the Company’s offices in Bermuda on Thursday.

“The acquisition of PartnerRe Ltd. by EXOR was originally announced on August 2, 2015,” the company said.

“The Company also announced that its Board of Directors declared a special dividend of $3.00 per share payable to the relevant holders of its common shareholders. The payment of this special dividend is conditional and contingent upon the consummation of EXOR’s acquisition of the Company.

“As previously announced, EXOR’s acquisition of the Company is expected to close during the first quarter of 2016, subject to the satisfaction of certain customary closing conditions, including antitrust and insurance regulatory approvals.

“All required antitrust approvals have been obtained. The insurance regulatory approvals remain on track for the transaction to close during the first quarter of 2016.”

Full content: Business Wire

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.