Faruqi & Faruqi, LLP Announces the Investigation of PartnerRe Ltd. (PRE) Over the Proposed Sale of the Company to Exor
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of PartnerRe Ltd. (“PRE” or the “Company”) (NYSE:PRE) for potential breaches of fiduciary duties in connection with the sale of the Company to Exor for approximately$6.9 billion in an all-cash transaction.
The Company’s stockholders will only receive $140.50 for each share of Company common stock they own. However, the offer represents a negligible premium compared to the opening price of $138.47 on August 7, 2015 and is below at least one analyst price target of $143.89.
If you own common stock in PartnerRe and wish to obtain additional information and protect your investments free of charge, please fill out the form below or 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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