PartnerRe shareholders approve Exor takeover

PartnerRe shareholders approved its proposed acquisition by Italian
investment vehicle Exor at a special general meeting held today (19
November).
The Bermudian carrier also declared a special dividend of $3.00
per share contingent upon the consummation of Exor's
acquisition of the company.
In August PartnerRe agreed a $6.9bn sale to Exor, ending a
long-running and bitter M&A battle with Bermudian carrier Axis
for the pure-play reinsurer.
Exor will pay $140.50 a share, which comprises a $137