Exor completes $6.9bn PartnerRe takeover

Italian investment vehicle Exor today (18 March) completed its
acquisition of Bermudian carrier PartnerRe, bringing to a close a
14-month period during which its ownership has been in
question.
Exor struck a deal to acquire PartnerRe in August last year,
overcoming opposition from Bermudian carrier Axis, which had
previously agreed a deal to buy the pure-play reinsurer.
Exor will pay $6.9bn, or $140.50 a share, which comprises a
$137.50 per share cash consideration and the $3.00 pre-close
divide