Exor to solicit PartnerRe shareholders; files lawsuit
PartnerRe has criticised a lawsuit filed by Exor, in which it seeks to obtain customary beneficial ownership information from the reinsurer.
Today, the investment company filed a lawsuit in the Supreme Court of Bermuda.
Exor said: “The lawsuit details that despite Exor’s reasonable and customary request, PartnerRe has thus far refused to share the shareholder lists, further evidencing the intention of PartnerRe’s board to protect an inferior transaction with Axis to the detriment of its shareholders, employees and clients.”
In response to this, PartnerRe said: “Exor’s claims are without merit. We have complied with our obligations regarding the disclosure of shareholder information under applicable Bermuda and US laws. We intend to vigorously defend ourselves and are confident that their claim will be rejected.”
PartnerRe, Exor, Axis, Bermuda, Europe, Mergers & Acquisitions