EXOR Expanded Guarantee Enhances Completion Certainty of PartnerRe Offer
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EXOR Expanded Guarantee of PartnerRe (PRE) Offer
June 29, 2015 9:07 AM UTCEXOR S.p.A. one of Europes leading listed investment companies and the largest shareholder of PartnerRe Ltd. (PartnerRe; NYSE: PRE), today further enhanced its superior offer for PartnerRe by expanding its legally binding guarantee for the transaction.
EXOR S.p.A., the public company with a net asset value of approximately $15 billion has, since it announced its offer, always been a guarantor of the payment obligations under the EXOR Merger Agreement and is now also guaranteeing all the contractual commitments in the Merger Agreement. For PartnerRe shareholders, this means that the... More
