Exor, the investment vehicle of Italy’s Agnelli family, completed the acquisition of PartnerRe, a reinsurance company for $6.4bn. Under the terms of the agreement, each shareholder of PartnerRe received a share consideration of $137.50 and a one-time special cash dividend of $3.00 per share. "We strongly admire the PartnerRe business and its people. Our proposal provides superior value for PartnerRe shareholders with the certainty of a cash offer. It also represents a great opportunity for the company's management and employees to continue to develop PartnerRe's outstanding potential as a leading global reinsurer with our committed and stable ownership," John Elkann, Exor Chairman and CEO.