NEW YORK, Aug. 10, 2015 /PRNewswire/ -- 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 $138.20 on August 10, 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.
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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 email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
Faruqi & Faruqi, LLP 369 Lexington Avenue, 10th Floor New York, NY 10017 Attn: Juan E. Monteverde, Esq. firstname.lastname@example.org Toll Free: (877) 247-4292 Phone: (212) 983-9330
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