PartnerRe to Diversify Through Paris Re Acquisition - trackseekingalpha

Sign Up | Log In | What is SocialPicks?

PartnerRe to Diversify Through Paris Re Acquisition
Jul 07, 2009 12:15 PM UTC

trackseekingalpha

Return	Risk
-11.17%	HIGH

Tracked Blogger

Profile & Performance

Subscribe to author

Symbol	Sentiment	Start	Return	Closed
PRE	n/a

Via Long Investment Ideas from Seeking Alpha:

On July 5, 2009, Bermuda based reinsurer PartnerRe Ltd. (PRE) reported that it has agreed to acquire Paris Re, a French-listed, Swiss-based diversified reinsurer in a succession of transactions. The stock-for-stock transaction will exchange 0.30 of PRE's common shares for each Paris Re common share outstanding. The total value of the transaction is expected to be approximately $2 billion.

We think this will help PartnerRe's visibility in a wider market and strengthen its operation to weather the ongoing market volatility.

Read the rest of original post »

Add Comment

Be the first to comment on this story and earn 2 points.

Your Comment

IN THE PRESS

None of the information contained on SocialPicks.com constitutes a recommendation by SocialPicks or its users that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. SocialPicks is not responsible for the posts, discussions, and recommendations of the users on the Site. SocialPicks does not provide investment advice. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the website. SocialPicks' users' past results are not necessarily indicative of future performance. Neither SocialPicks nor any of its users guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the website. You understand and agree that you use the Site and Services at your own discretion and risk and that you will be solely responsible for any damages that arise from such use. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.