INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Platinum Underwriters Holdings Ltd. (PTP) Over the Proposed Sale of the Company to RenaissanceRe Holdings Ltd.
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Platinum Underwriters Holdings Ltd. (“Platinum Underwriters” or the “Company”) (NYSE: PTP) for potential breaches of fiduciary duties in connection with the sale of the Company to RenaissanceRe Holdings Ltd. for approximately $1.9 billion.
The Company’s stockholders will only receive either: a) $66.00 in cash; (b) 0.6504 of a RenaissanceRe common share; or (c) a combination of $35.96 in cash and 0.2960 RenaissanceRe common shares for each share of Platinum Underwriters common stock they own.
If you own common stock in Platinum Underwriters and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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