NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky is investigating the Board of Directors of Platinum Underwriters Holdings, Ltd. (“Platinum Underwriters” or “the Company”) (NYSE: PTP) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to RenaissanceRe Holdings Ltd. (“RenaissanceRe”).
Click here to learn more about the investigation: http://zlk.9nl.com/platinum-underwriters-holdings-ptp.
Under the terms of the transaction, Platinum Underwriters shareholders will receive a $10.00 per share special pre-closing dividend and may elect to receive, per Platinum Underwriters share, either: a) $66.00 in cash; (b) 0.6504 of a RenaissanceRe common share; or (c) a combination of $35.96 in cash and 0.2960 RenaissanceRe common shares. The investigation concerns whether the Board of Platinum Underwriters breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether RenaissanceRe is underpaying for Platinum Underwriters shares.
If you own Platinum Underwriters common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/platinum-underwriters-holdings-ptp.
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