PartnerRe Ltd. Announces End of “Go-Shop” Period

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PartnerRe (PRE) Announces End of 'Go-Shop' Period; No Alternative Bid Received

September 15, 2015 7:03 AM EDT

PartnerRe (NYSE: PRE) announced that the go-shop period provided for in the previously announced merger agreement entered into on August 2, 2015 between PartnerRe and EXOR S.p.A., has expired.

Under the merger agreement, PartnerRe had the right to solicit alternative acquisition proposals from third parties during a go shop period that expired at 11.59 p.m. Eastern on September 14, 2015. An extensive... More