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PartnerRe Announces Definitive Sale Agreement with EXOR for $6.9 Billion

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PEMBROKE, Bermuda--(BUSINESS WIRE)--PartnerRe Ltd. (“PartnerRe”) (NYSE:PRE) today announced that it has reached a definitive agreement with EXOR S.p.A. (EXOR) under which EXOR will acquire all of the outstanding common shares of PartnerRe for an all-cash consideration of $140.50 per share, including a special pre-closing dividend of $3.00 per share, for a total transaction value of approximately $6.9 billion. The agreement is not subject to due diligence and is not conditioned on financing. Par

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