‘Go-shop’ period expires for PartnerRe

PartnerRe’s ‘go-shop’ period, which allowed the reinsurer to solicit alternative acquisition proposals from the one offered by Italian investment company Exor, has expired.

During the period, which expired on September 14, 2015, an extensive outreach was conducted by Credit Suisse and Lazard, acting as PartnerRe’s co-financial advisors.

“None of the third parties contacted during this process provided a proposal or offer regarding an alternative acquisition proposal,” said PartnerRe.

PartnerRe’s board reaffirmed its  recommendation that shareholders of PartnerRe vote to adopt the merger agreement, the statutory merger agreement and all related transactions.