PLATINUM UNDERWRITERS INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Platinum Underwriters Holdings Ltd. Over the Proposed Sale of the Company to RenaissanceRe Holdings Ltd. - PTP

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Platinum Underwriters Holdings Ltd.

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Faruqi & Faruqi, LLP

Dec 12, 2014, 08:30 ET

NEW YORK, Dec. 12, 2014 /PRNewswire/ -- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Platinum Underwriters Holdings Ltd. ("Platinum Underwriters" or the "Company") (NYSE: PTP) for potential breaches of fiduciary duties in connection with the sale of the Company to RenaissanceRe Holdings Ltd. for approximately $1.9 billion.

The Company's stockholders will only receive 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 for each share of Platinum Underwriters common stock they own.

Click here for more information: www.faruqilaw.com/PTP. There is no cost or obligation to you.

The investigation focuses on whether the Platinum Underwriters Board of Directors breached its fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Platinum Underwriters shareholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

If you own common stock in Platinum Underwriters and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/PTP or contact Juan E. Monteverde, Esq. either via e-mail at [email protected] or by telephone at (877) 247-4292 or (212) 983-9330.

Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
[email protected]
Toll Free: (877) 247-4292
Phone: (212) 983-9330

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