PartnerRe Ltd. announced Thursday that its shareholders voted to approve the proposed acquisition of the company by EXOR at a special general meeting of shareholders held at the company’s offices in Bermuda.
The acquisition of PartnerRe Ltd. by EXOR was originally announced on August 2, 2015.
The company also announced that its board of directors declared a special dividend of $3.00 per share payable to the relevant holders of its common shareholders. The payment of this special dividend is conditional and contingent upon the consummation of EXOR’s acquisition of the company.
EXOR’s acquisition of the company is expected to close during the first quarter of 2016, subject to the satisfaction of certain customary closing conditions, including insurance regulatory approvals, PartnerRe said.
All required antitrust approvals have been obtained, the company added, noting that the insurance regulatory approvals remain on track for the transaction to close in the first quarter of 2016.
Source: PartnerRe
Topics Mergers & Acquisitions
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