Harwood Feffer LLP Announces Investigation of Platinum Underwriters Holdings Ltd.

Nov 24, 2014

NEW YORK, Nov. 24, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Platinum Underwriters Holdings Ltd. ("Platinum Underwriters" or the "Company") (NYSE: PTP) concerning the proposed acquisition of the Company by RenaissanceRe Holdings Ltd. ("RenaissanceRe").

Under the terms of the transaction, RenaissanceRe would purchase Platinum Underwriters in a transaction valued at $1.9 billion. Platinum Underwriters shareholders would receive $10 per share in cash via a pre-close dividend, plus the option to receive one of the following per share: (a) $66.00 in cash; (b) 0.6504 of a RenaissanceRe common share; or (c) $35.96 in cash and 0.2960 RenaissanceRe common shares.

Our investigation concerns whether the Platinum Underwriters board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.

If you own Platinum Underwriters shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Benjamin I. Sachs-Michaels, Esq.

Robert I. Harwood, Esq.
Craig Lowther

Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

Attorney Advertising. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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