PARTNERRE SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of PartnerRe Ltd. (PRE) Over the Proposed Sale...
August 07 2015 - 3:30PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of PartnerRe Ltd.
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.
Click here for more information:
www.faruqilaw.com/PRE. There is no cost or obligation to
you.
The investigation focuses on whether PartnerRe’s Board of
Directors breached their fiduciary duties to the Company’s
stockholders by failing to conduct a fair sales process and whether
and by how much this proposed transaction undervalues the Company
to the detriment of PartnerRe’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients. To keep track of the latest
securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
www.facebook.com/FaruqiLaw.
If you own common stock in PartnerRe and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/PRE or contact Juan E.
Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or
by telephone at (877) 247-4292 or (212) 983-9330.
Contact:
Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212)
983-9330
Attorney Advertising. (C) 2015 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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version on businesswire.com: http://www.businesswire.com/news/home/20150807005715/en/
Faruqi & Faruqi, LLPJuan E. Monteverde, Esq.(877) 247-4292
or (212) 983-9330jmonteverde@faruqilaw.com
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