Fitch: No Impact to Ratings on EXOR Proposal to Acquire PartnerRe

April 15, 2015 9:45 PM

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(The following statement was released by the rating agency) CHICAGO, April 15 (Fitch) Fitch Ratings has taken no rating action on PartnerRe Ltd. (PRE) following EXOR S.p.A.'s (EXOR) announced proposal yesterday to acquire PRE for $130 per share in cash ($6.4 billion).

A full ratings list follows at the end of this release. PRE is reviewing EXOR's proposal to determine its merit relative to PRE and AXIS's definitive agreement to combine as a 100% stock merger of equals, which was previously announced on Jan. 26, 2015. At that time, Fitch had placed PRE on Rating W...

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