NU Online News Service, Dec. 8, 3:41 p.m. EST
PartnerRe Ltd. in Bermuda announced completion of its acquisition of Zug, Switzerland-based Paris Re Holdings Limited, following Paris Re shareholders' approval of the $2 billion stock deal announced in November.
As a result of the shareholders' vote and merger completion, each remaining Paris Re common share not already owned by PartnerRe has been exchanged into the right to receive 0.3018 PartnerRe common shares.
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