August 14, 2015 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Partnerre Ltd (NYSE:PRE), was announced over whether the takeover of Partnerre Ltd. by EXOR S.p.A. for $140.50 per share is unfair to NYSE:PRE stockholders.

The investigation by a law firm concerns whether certain officers and directors of Partnerre Ltd breached their fiduciary duties owed to NYSE:PRE investors in connection with the proposed acquisition.

On August 3, 2015, Partnerre Ltd (NYSE:PRE) announced that it has reached an 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.

Hiowever, given that at least one analyst has set the high target price for NYSE:PRE shares at $143.89 per share, the investigation concerns whether the offer is unfair to NYSE:PRE stockholders. More specifically, the investigation concerns whether the Partnerre Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.