PartnerRe: ParisRe Acquisition Should Strengthen Balance Sheet - trackseekingalpha

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PartnerRe: ParisRe Acquisition Should Strengthen Balance Sheet
Sep 30, 2009 01:07 PM UTC

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Via Long Investment Ideas from Seeking Alpha:

On Monday, PartnerRe Ltd. (PRE) announced that it will acquire the remaining shares of ParisRe Holdings Limited through a merger in lieu of the stock-for-stock transaction agreed upon earlier.

By choosing a merger vote instead of an exchange offer, the amended structure is expected to accelerate PartnerRe’s acquisition of ParisRe. However, the consideration granted to ParisRe shareholders will remain unchanged.

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