November 24, 2014 / 11:16 AM / 4 years ago

REFILE-RenaissanceRe to buy Platinum Underwriters for about $1.9 bln

(Corrects to “Platinum” from “Platimum” in second paragraph)

Nov 24 (Reuters) - RenaissanceRe Holdings Ltd said it would buy fellow Bermuda-based reinsurer Platinum Underwriters Holdings Ltd for about $1.9 billion in stock and cash.

Platinum shareholders will receive the equivalent of $76 per share, representing a 24 percent premium to Platinum’s closing price of $61.27 on Friday. (Reporting by Avik Das in Bangalore; Editing by Ted Kerr)

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