PartnerRe Ltd. announced that its Board of Directors has approved a new share repurchase authorization up to a total of 7 million common shares, effective immediately.
“This replaces the prior authorization of 8 million common shares announced by the Company in February 2010,” said the bulletin. “To date in 2010, the Company has repurchased a total of approximately 8.7 million common shares pursuant to prior authorizations.
“From time to time, and depending on market conditions, the repurchase program will be accomplished in open market or privately negotiated transactions.”
Source: PartnerRe
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
A Super Yacht Armada Came to Miami, Leaving a Marine Graveyard in Its Wake 
IMA Latest to Sue Howden Over Alleged Employee Poaching 
US P/C Rebounds to Post Q1 Underwriting Gain; Net Income Doubles 
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
